Synchrony director buys shares via dividend plan
Synchrony Financial (SYF) director Arthur W. Coviello Jr. reported acquisitions on August 17, 2026.
Rhea-AI Filing Summary
Synchrony Financial (SYF) director Arthur W. Coviello Jr. reported acquisitions on August 17, 2026. He received 14 Dividend Equivalent Units tied to existing restricted stock units, each economically equal to one SYF share, and acquired 11 common shares through a broker dividend reinvestment plan, bringing his directly held common shares to 26,166.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
COVIELLO ARTHUR W JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Unit F1 | 14 | $80.75 | $1K |
| Small Acquisition | Common Stock F2, F3 | 11 | $80.60 | $886.60 |
Holdings After Transaction:
Dividend Equivalent Unit — 26,156 shares (Direct);
Common Stock — 26,166 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. Shares acquired pursuant to a broker dividend reinvestment plan.
- F3. Balance adjusted to account for rounding of fractional shares over time.
Key Figures
Dividend Equivalent Units acquired: 14 units
Price per Dividend Equivalent Unit: $80.75 per unit
Common shares acquired via DRIP: 11 shares
+3 more
6 metrics
Dividend Equivalent Units acquired
14 units
Accrued August 17, 2026 as dividends on common shares underlying restricted stock units
Price per Dividend Equivalent Unit
$80.75 per unit
Economic equivalent of one share of Synchrony Financial common stock
Common shares acquired via DRIP
11 shares
Shares acquired pursuant to a broker dividend reinvestment plan on August 17, 2026
DRIP share price
$80.60 per share
Price for 11 common shares acquired through broker dividend reinvestment plan
Direct common shares after transactions
26,166 shares
Total directly held SYF common shares following August 17, 2026 acquisition
Dividend Equivalent Unit value
1:1 with SYF common stock
Each Dividend Equivalent Unit is the economic equivalent of one SYF common share
Key Terms
Dividend Equivalent Unit, restricted stock units, broker dividend reinvestment plan, Rule 16a-6
4 terms
Dividend Equivalent Unit financial
"Represents dividend equivalent units accrued on August 17, 2026 as dividends"
restricted stock units financial
"dividends that were paid on the common shares underlying restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
broker dividend reinvestment plan financial
"Shares acquired pursuant to a broker dividend reinvestment plan."
Rule 16a-6 regulatory
"transaction_code_description": "Small acquisition under Rule 16a-6"
FAQ
What insider transactions did SYF director Arthur W. Coviello Jr. report on August 17, 2026?
Arthur W. Coviello Jr. reported two acquisition transactions on August 17, 2026: 14 Dividend Equivalent Units credited on restricted stock units and 11 SYF common shares acquired through a broker dividend reinvestment plan, increasing his direct common share holdings.
What are the Dividend Equivalent Units reported by the SYF director on this Form 4?
The Form 4 shows 14 Dividend Equivalent Units accrued as of August 17, 2026. These units represent dividends on common shares underlying restricted stock units and vest and settle on the same terms as those restricted stock units, each economically equal to one SYF share.
At what prices were the SYF insider’s August 17, 2026 acquisitions recorded?
The 14 Dividend Equivalent Units were valued at $80.75 per unit, each economically equal to one SYF share. The 11 directly acquired SYF common shares through the dividend reinvestment plan were recorded at a price of $80.60 per share on the same date.
AI-generated analysis. How Rhea-AI works. Not financial advice.