Roger C. Hochschild - Feb 1, 2023 Form 4 Insider Report for Discover Financial Services (DFS)

Role
CEO and President, Director
Signature
/s/ Efie Vainikos as Attorney-In-Fact for Roger C. Hochschild
Stock symbol
DFS
Transactions as of
Feb 1, 2023
Transactions value $
-$5,776,674
Form type
4
Date filed
2/3/2023, 03:18 PM
Previous filing
Dec 21, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DFS Common Stock Award $0 +96.9K +11.43% $0.00 945K Feb 1, 2023 Direct F1
transaction DFS Common Stock Tax liability -$5.78M -49.9K -5.28% $115.83 895K Feb 1, 2023 Direct F1, F2
holding DFS Common Stock 29.1K Feb 1, 2023 By Hochschild Remainder Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 80,876 shares subject to a non-recourse loan to the generation-skipping trust ("GST") for which the reporting person's spouse serves as trustee.
F2 Number of shares withheld to pay the tax withholding obligation incurred in connection with the vesting of previously granted performance stock units and restricted stock units.
F3 These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.