DAVID P. MELITO - 10 Nov 2022 Form 4 Insider Report for Synchrony Financial (SYF)

Role
SVP, Chief Accounting Officer and Controller
Signature
/s/ Danielle Do, as attorney in fact
Issuer symbol
SYF
Transactions as of
10 Nov 2022
Net transactions value
-$12,259
Form type
4
Filing time
15 Nov 2022, 15:24:23 UTC
Previous filing
15 Aug 2022
Next filing
26 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Dividend Equivalent Unit Award $3,370 +87 +0.6% $38.73 14,679 10 Nov 2022 Direct F1
transaction SYF Common Stock Options Exercise $28,527 +1,162 +7.9% $24.55 15,841 10 Nov 2022 Direct F2
transaction SYF Common Stock Sale $44,156 -1,162 -7.3% $38.00 14,679 10 Nov 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 Employee Stock Option (right to buy) Options Exercise $0 -1,162 -100% $0.000000* 0 10 Nov 2022 Common Stock 1,162 $24.55 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents dividend equivalent units accrued on November 10, 2022 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.
F2 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2022.
F3 The option will vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

Remarks:

SVP, Chief Accounting Officer and Controller