Synchrony Financial director receives 190 dividend equivalent units

Synchrony Financial director reports automatic dividend share equivalents A director of Synchrony Financial (SYF) reported an automatic accrual of dividend equivalent units on common stock.

Accepted by SEC EDGAR 11/19/2025 - 05:11 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Synchrony Financial director reports automatic dividend share equivalents

A director of Synchrony Financial (SYF) reported an automatic accrual of dividend equivalent units on common stock. On November 17, 2025, the reporting person acquired 190 dividend equivalent units at a value of $70.47 per unit. These units relate to dividends paid on common shares underlying previously granted restricted stock units and deferred stock units under the company’s Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock. Following this transaction, the reporting person beneficially owned 61,452 common share equivalents, held in a direct capacity.

Insider Trade Summary

Grant/Award: 190 shares

Grant/Award 1 txn

Insider NAYLOR JEFFREY G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	190	$70.47	$13K

Holdings After Transaction: Dividend Equivalent Unit — 61,452 shares (Direct)

Holdings Before and After: Dividend Equivalent Unit, 61,262 to 61,452 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent units accrued on November 17, 2025 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Synchrony Financial (SYF) report in this Form 4?

A director of Synchrony Financial (SYF) reported acquiring 190 dividend equivalent units on November 17, 2025, tied to existing equity awards.

At what value were the Synchrony Financial dividend equivalent units recorded?

The 190 dividend equivalent units were recorded at $70.47 per unit, reflecting the dividends paid on the underlying common shares.

What are dividend equivalent units in the context of Synchrony Financial (SYF)?

For Synchrony Financial, each dividend equivalent unit is the economic equivalent of one share of SYF common stock, credited in connection with existing restricted or deferred stock units.

How many Synchrony Financial share equivalents does the insider own after this transaction?

After the reported transaction, the director beneficially owned 61,452 Synchrony Financial common share equivalents in direct ownership.

Why did the Synchrony Financial director receive 190 dividend equivalent units?

The 190 dividend equivalent units accrued as dividends paid on common shares underlying previously granted restricted stock units and deferred stock units under Synchrony Financial’s incentive and deferred compensation plans.

Does this Form 4 indicate an open-market purchase of Synchrony Financial stock?

No. The Form 4 reflects dividend equivalent units credited in connection with existing equity awards, rather than an open-market stock purchase.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NAYLOR JEFFREY G

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(Street)

STAMFORD CT 06902

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Synchrony Financial [ SYF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Dividend Equivalent Unit	11/17/2025		A		190(1)	A	$70.47(1)	61,452	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units accrued on November 17, 2025 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Remarks:

	/s/ Danielle Do, as attorney in fact	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.