Brian J. Wenzel Sr. - 01 Mar 2022 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, CFO
Signature
/s/ Danielle Do as attorney in fact
Issuer symbol
SYF
Transactions as of
01 Mar 2022
Net transactions value
+$862,854
Form type
4
Filing time
03 Mar 2022, 15:21:12 UTC
Previous filing
22 Feb 2022
Next filing
04 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Award $1,350,032 +34,204 +38% $39.47 123,746 01 Mar 2022 Direct F1
transaction SYF Common Stock Tax liability $487,178 -12,343 -10% $39.47 111,403 01 Mar 2022 Direct F2

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 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $0 -13,956 -100% $0.000000* 0 01 Mar 2022 Phantom Stock Units 13,956 Direct F3
* 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 The reported phantom stock units were acquired under the Synchrony Financial Restoration Plan. The Reporting Person transferred the phantom stock units into an alternative investment on March 1, 2022. Each phantom stock unit is the economic equivalent of one share of the Company's common stock. However, no actual shares of the Company's common stock were ever issued to the Reporting Person, nor did the Reporting Person dispose of any actual shares.

Remarks:

EVP, CFO