Synchrony Financial (NYSE: SYF) awards Casellas new stock-linked units
Rhea-AI Filing Summary
Synchrony Financial (SYF) reported that executive Alberto Casellas received compensation-related awards tied to company stock. On August 17, 2026 he acquired 182.0000 dividend equivalent units at $80.7500 each, increasing his directly held dividend equivalent units to 50,691.0000. These units accrue as dividends on common shares underlying restricted stock units and vest and settle on the same terms as those restricted stock units; each unit is the economic equivalent of one share of Synchrony Financial common stock. He also acquired 0.7820 phantom stock units under the Synchrony Financial Deferred Compensation Plan through a dividend reinvestment feature, bringing his phantom stock unit balance to 186.4530. These phantom units are to be settled in cash six months after his separation from service, subject to the plan, and each is also the economic equivalent of one share of Synchrony Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 182 shares
Net Buy
2 txns
Insider
Casellas Alberto
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F3 | 0.782 | $0.00 | $0.00 |
| Grant/Award | Dividend Equivalent Unit F1, F2 | 182 | $80.75 | $15K |
Holdings After Transaction:
Phantom Stock Units — 186.453 shares (Direct);
Dividend Equivalent Unit — 50,691 shares (Direct)
Footnotes (3)
- F1. Represents dividend equivalent units accrued on August 17, 2026 as dividends that were paid on the common shares underlying restricted stock units. The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.
- F2. Balance adjusted to account for rounding of fractional shares over time.
- F3. The reported phantom stock units were acquired pursuant to a dividend reinvestment feature under the Synchrony Financial Deferred Compensation Plan (the "Deferred Compensation Plan") and are to be settled, in cash, six months following the Reporting Person's separation from service to the Company, subject to the requirements set forth in the Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock.
Key Figures
Dividend equivalent units acquired: 182.0000 units
Price per dividend equivalent unit: $80.7500
Dividend equivalent units after transaction: 50,691.0000 units
+2 more
5 metrics
Dividend equivalent units acquired
182.0000 units
Dividend equivalent units accrued on August 17, 2026 as dividends on common shares underlying restricted stock units
Price per dividend equivalent unit
$80.7500
Per-unit transaction price for the 182.0000 dividend equivalent units acquired on August 17, 2026
Dividend equivalent units after transaction
50,691.0000 units
Total dividend equivalent units directly held by Alberto Casellas following the August 17, 2026 transaction
Phantom stock units acquired
0.7820 units
Phantom stock units acquired via dividend reinvestment feature under the Deferred Compensation Plan on August 17, 2026
Phantom stock units after transaction
186.4530 units
Total phantom stock units directly held by Alberto Casellas following the August 17, 2026 acquisition
Key Terms
Dividend equivalent units, Phantom stock units, Deferred Compensation Plan, economic equivalent
4 terms
Dividend equivalent units financial
"Represents dividend equivalent units accrued on August 17, 2026 as dividends"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Phantom stock units financial
"The reported phantom stock units were acquired pursuant to a dividend reinvestment"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"feature under the Synchrony Financial Deferred Compensation Plan (the "Deferred Compensation Plan")"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one share"
FAQ
What insider transactions did SYF executive Alberto Casellas report on August 17, 2026?
Alberto Casellas reported two compensation-related acquisitions on August 17, 2026: 182.0000 dividend equivalent units at $80.7500 each and 0.7820 phantom stock units, both economically equivalent to Synchrony Financial common shares.
How many dividend equivalent units in SYF does Alberto Casellas hold after this Form 4?
After the reported transaction, Alberto Casellas holds 50,691.0000 dividend equivalent units in Synchrony Financial. These units accrue as dividends on restricted stock units and vest, settle, and expire on the same terms as the underlying restricted stock units.
What are the terms of the phantom stock units reported by SYF executive Alberto Casellas?
Casellas acquired 0.7820 phantom stock units via a dividend reinvestment feature under SYF’s Deferred Compensation Plan, for a total of 186.4530 units. They are to be settled in cash six months after his separation from service, subject to that plan.
Are the units reported by SYF’s Alberto Casellas equivalent to common stock?
Yes. Each dividend equivalent unit and each phantom stock unit is disclosed as the economic equivalent of one share of Synchrony Financial common stock, though phantom units will be settled in cash under the Deferred Compensation Plan.
Were the SYF insider acquisitions by Alberto Casellas open-market purchases or compensation awards?
The filing characterizes both transactions as grant/award acquisitions, not open-market purchases. Dividend equivalent units accrued as dividends on restricted stock units, and phantom stock units were acquired through a dividend reinvestment feature in the Deferred Compensation Plan.
Does Alberto Casellas’s Form 4 for SYF involve any sales or dispositions of securities?
No. The Form 4 for Alberto Casellas reports only acquisitions: 182.0000 dividend equivalent units and 0.7820 phantom stock units. The summary data show no sales or dispositions and a net buy/sell direction classified as neutral.
AI-generated analysis. How Rhea-AI works. Not financial advice.
