Vanguard disaggregates holdings, reports 0% in Synchrony Financial (SYF)

Rhea-AI Filing Summary

Synchrony Financial ownership update: The Vanguard Group filed Amendment No. 10 to a Schedule 13G/A reporting beneficial ownership of 0% of Synchrony Financial common stock following an internal realignment dated January 12, 2026. The filing states certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538 and that The Vanguard Group no longer is deemed to beneficially own securities held by those subsidiaries. The form is signed by Ashley Grim, Head of Global Fund Administration, dated March 27, 2026.

Insights

Institutional Ownership Analyst

Vanguard disaggregated holdings and reports 0% stake in SYF after internal realignment.

The filing documents an internal organizational change effective January 12, 2026, after which certain subsidiaries will file separately under SEC Release No. 34-39538. The Schedule 13G/A amendment lists 0% beneficial ownership and zero voting and dispositive power.

Cash‑flow treatment is not stated; subsequent filings by the listed subsidiaries will show any active holdings. Future ownership disclosures by those entities will clarify institutional exposure to SYF.

Governance & Compliance Specialist

This is an administrative disclosure tied to SEC guidance on disaggregation, not a trading event.

The statement cites SEC Release No. 34-39538 and explains the reporting change is internal realignment rather than an acquisition or disposition. The amendment explicitly records zero shares and zero voting/dispositive powers as of the filing.

Regulatory observers should note the filing shifts reporting responsibility to subsidiaries; any material change in ownership will appear in those entities' subsequent Schedule 13 filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

Synchrony Financial

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87165B103

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 87165B103

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Synchrony Financial
(b)	Address of issuer's principal executive offices: 777 Long Ridge Road, Stamford, CT, 06902
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/27/2026

FAQ

What does The Vanguard Group report for SYF in this Schedule 13G/A amendment?

The Vanguard Group reports beneficial ownership of 0 shares representing 0% of Synchrony Financial common stock, with zero voting and dispositive power, per the Amendment No. 10 filing.

Why does Vanguard report 0% ownership in SYF after January 12, 2026?

Vanguard underwent an internal realignment on January 12, 2026, after which certain subsidiaries report holdings separately under SEC Release No. 34-39538, so Vanguard reports a 0% stake.

Who signed the Schedule 13G/A amendment for Vanguard regarding SYF?

The filing is signed by Ashley Grim, Head of Global Fund Administration, and dated March 27, 2026 on behalf of The Vanguard Group.

Will this filing change Synchrony Financial’s shareholder register immediately?

No; the filing documents reporting responsibility and beneficial-ownership disclosure. Changes to the register depend on actual transfers or holdings reported by the subsidiaries, not this administrative amendment.

Where will future disclosures of Vanguard-related holdings in SYF appear?

Future ownership by the disaggregated subsidiaries or business divisions will be reported separately in their own Schedule 13 filings, as permitted by SEC Release No. 34-39538.