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Synchrony Financial (SYF) director granted dividend equivalent units tied to RSUs

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Form Type
4

Rhea-AI Filing Summary

COVIELLO ARTHUR W JR reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Arthur W. Coviello Jr. received a grant of 14 dividend equivalent units on May 15, 2026. These units were credited as dividends on common shares underlying his restricted stock units and are economically equal to Synchrony common shares. After this award, he directly holds 29,355 units.

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Negative

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Insider COVIELLO ARTHUR W JR
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Unit 14 $71.38 $999.32
Holdings After Transaction: Dividend Equivalent Unit — 29,355 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Dividend equivalent units granted 14 units Grant on May 15, 2026 to director Arthur W. Coviello Jr.
Grant reference price $71.38 per unit Price per dividend equivalent unit on May 15, 2026
Total holdings after transaction 29,355 units Direct holdings following the May 15, 2026 grant
Dividend Equivalent Unit financial
"Represents dividend equivalent units accrued on May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units."
restricted stock units financial
"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"
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.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
COVIELLO ARTHUR W JR
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Dividend Equivalent Unit05/15/2026A14(1)A$71.38(1)29,355D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents dividend equivalent units accrued on May 15, 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.
Remarks:
/s/ Danielle Do as attorney-in-fact05/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Synchrony Financial (SYF) report for Arthur W. Coviello Jr.?

Arthur W. Coviello Jr., a director of Synchrony Financial, received a grant of 14 dividend equivalent units on May 15, 2026. These were credited as dividends related to his existing restricted stock units and are compensation-related, not an open-market share purchase.

What are dividend equivalent units in the Synchrony Financial (SYF) Form 4 filing?

Dividend equivalent units are credits that mirror cash dividends on restricted stock units. For Synchrony Financial, each unit is the economic equivalent of one common share and vests, settles, and expires on the same terms as the related restricted stock units.

How many dividend equivalent units did the Synchrony Financial (SYF) director receive?

The director received 14 dividend equivalent units credited on May 15, 2026. These units represent dividends paid on the common shares underlying his restricted stock units and increase his compensation-related holdings rather than reflecting an open-market trade in Synchrony shares.

What is Arthur W. Coviello Jr.’s total position after this Synchrony Financial (SYF) transaction?

Following the May 15, 2026 grant, Arthur W. Coviello Jr. directly holds 29,355 units. This total includes the newly credited 14 dividend equivalent units, which are tied to his restricted stock units and track the value of Synchrony Financial common stock one-for-one.

Was the Synchrony Financial (SYF) Form 4 transaction a market buy or sell?

The Form 4 reports a grant acquisition, not a market buy or sell. Arthur W. Coviello Jr. received 14 dividend equivalent units as part of his director compensation, reflecting dividends on existing restricted stock units rather than an exchange-traded stock transaction.