Brian J. Sr. Wenzel - Mar 1, 2023 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, Chief Financial Officer
Signature
/s/ Danielle Do as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2023
Transactions value $
-$1,658,721
Form type
4
Date filed
3/3/2023, 05:19 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 $1.37M +38.1K +27.16% $35.98 179K Mar 1, 2023 Direct F1
transaction SYF Common Stock Tax liability -$532K -14.8K -8.28% $35.98 164K Mar 1, 2023 Direct F2
transaction SYF Common Stock Sale -$2.5M -70.4K -43% $35.48 93.4K Mar 2, 2023 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 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 26, 2023.

Remarks:

EVP, Chief Financial Officer