Synchrony director adds 138 dividend equivalent units

Synchrony Financial (SYF) reported that director Richie Laurel acquired 138 dividend equivalent units on August 17, 2026, at a reference value of $80.75 per unit.

Rhea-AI Filing Summary

Synchrony Financial (SYF) reported that director Richie Laurel acquired 138 dividend equivalent units on August 17, 2026, at a reference value of $80.75 per unit. These units arose from dividends paid on common shares underlying previously granted restricted and deferred stock units under company plans. After this accrual and minor rounding adjustments over time, Laurel holds 51,824 dividend equivalent units directly.

Insider Trade Summary

Grant/Award: 138 shares

Grant/Award 1 txn

Insider Richie Laurel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit F1, F2	138	$80.75	$11K

Holdings After Transaction: Dividend Equivalent Unit — 51,824 shares (Direct)

Footnotes (2)

1. F1. Represents dividend equivalent units accrued on August 17, 2026 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.
2. F2. Balance adjusted to account for rounding of fractional shares over time.

Key Figures

Dividend equivalent units acquired: 138 units Per-unit reference value: $80.75 per unit Units held after transaction: 51,824 units

3 metrics

Dividend equivalent units acquired 138 units Accrued as of August 17, 2026 on dividends paid on underlying awards

Per-unit reference value $80.75 per unit Transaction price per dividend equivalent unit for the August 17, 2026 accrual

Units held after transaction 51,824 units Total dividend equivalent units held directly by Richie Laurel after the accrual and rounding adjustments

Key Terms

Dividend Equivalent Unit, restricted stock units, deferred stock units, Long-Term Incentive Plans, +1 more

5 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on August 17, 2026 as dividends"

restricted stock units financial

"paid on the common shares underlying restricted stock units and deferred 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.

deferred stock units financial

"underlying restricted stock units and deferred stock units previously granted"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Long-Term Incentive Plans financial

"previously granted to the Reporting Person under the Company's Long-Term Incentive Plans"

Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.

Non-Employee Director Deferred Compensation Plan financial

"and Non-Employee Director Deferred Compensation Plan"

FAQ

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

What transaction did director Richie Laurel report in this Form 4 for SYF?

Director Richie Laurel reported acquiring 138 dividend equivalent units on August 17, 2026. These units were credited as dividends on underlying restricted and deferred stock units previously granted under Synchrony Financial’s incentive and director compensation plans.

How many Synchrony Financial (SYF) units does Richie Laurel hold after this transaction?

After the reported transaction, Richie Laurel holds 51,824 dividend equivalent units directly. The balance reflects the newly accrued dividend equivalents and adjustments for rounding of fractional shares that have occurred over time.

What are dividend equivalent units in the context of SYF’s Form 4 filing?

Dividend equivalent units are credits representing the value of dividends on underlying stock-based awards. In this filing, each dividend equivalent unit is described as the economic equivalent of one share of Synchrony Financial common stock tied to existing restricted and deferred stock units.

At what value were the 138 dividend equivalent units recorded for SYF?

The 138 dividend equivalent units were recorded at a reference value of $80.75 per unit. This price reflects the per-unit amount used in the transaction entry and is linked to dividends paid on the underlying Synchrony Financial common shares.

Were the SYF transactions for Richie Laurel under a Rule 10b5-1 trading plan?

The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is explicitly unchecked, suggesting the accrual of dividend equivalent units was not executed under a pre-arranged trading plan.

What caused the 138 dividend equivalent units reported by SYF for Richie Laurel?

The 138 dividend equivalent units accrued from dividends paid on common shares underlying restricted stock units and deferred stock units. These awards were previously granted to Richie Laurel under Synchrony Financial’s Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/19/2026 - 04:50 PM EDT Learn about SEC filing dates

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^*

Richie Laurel

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(Street)

STAMFORD CONNECTICUT 06902

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

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

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

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

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	08/17/2026		A		138(1)	A	$80.75(1)	51,824(2)	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 August 17, 2026 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.

2. Balance adjusted to account for rounding of fractional shares over time.

Remarks:

	/s/ Danielle Do, as attorney in fact	08/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)