David P. Melito - Mar 1, 2023 Form 4 Insider Report for Synchrony Financial (SYF)

Role
SVP, Chief Accounting Officer and Controller
Signature
/s/ Danielle Do, as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2023
Transactions value $
$180,404
Form type
4
Date filed
3/3/2023, 05:18 PM
Previous filing
Feb 22, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Award $266K +7.38K +30.41% $35.98 31.6K Mar 1, 2023 Direct F1
transaction SYF Common Stock Tax liability -$85.1K -2.37K -7.48% $35.98 29.3K Mar 1, 2023 Direct F2
* 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 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.

Remarks:

SVP, Chief Accounting Officer and Controller