Alberto Casellas - Mar 1, 2022 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, Health & Wellness
Signature
/s/ Danielle Do as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2022
Transactions value $
-$103,824
Form type
4
Date filed
3/3/2022, 03:19 PM
Previous filing
Feb 22, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Award $1.01M +25.7K +37.52% $39.47 94K Mar 1, 2022 Direct F1
transaction SYF Common Stock Tax liability -$449K -11.4K -12.11% $39.47 82.6K Mar 1, 2022 Direct F2
transaction SYF Common Stock Sale -$667K -15.7K -19% $42.47 66.9K Mar 1, 2022 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SYF Phantom Stock Units Award $0 +3.33K +18.3% $0.00 21.5K Mar 1, 2022 Phantom Stock Units 3.33K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that will vest in three equal annual installments of 33.33% each, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial (the "Company") common stock.
F2 Reflects the number of shares of Company common stock automatically withheld by the Company to pay the tax liability of the Reporting Person in connection with the vesting of restricted stock units. No investment decision was made by the Reporting Person in connection with the withholding.
F3 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 31, 2022.
F4 This price is a weighted average price. Information regarding the number of shares sold at each price will be provided upon request.
F5 The reported phantom stock units were acquired under the Synchrony Financial Restoration Plan and are to be settled upon the Reporting Person's separation from service to the Company, subject to the requirements set forth in the Restoration Plan. Each phantom stock unit is the economic equivalent of one share of the Company's common stock.
F6 Includes phantom stock units acquired pursuant to the dividend reinvestment feature of the Restoration Plan.

Remarks:

EVP, Health & Wellness