Alberto Casellas - Mar 1, 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, CEO--Health & Wellness
Signature
/s/ Danielle Do as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2024
Transactions value $
-$1,294,871
Form type
4
Date filed
3/5/2024, 07:28 PM
Previous filing
Feb 20, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Tax liability -$562K -13.7K -14.48% $41.05 80.8K Mar 1, 2024 Direct F1
transaction SYF Common Stock Award $1.14M +27.8K +34.42% $41.05 109K Mar 1, 2024 Direct F2
transaction SYF Common Stock Options Exercise $529 +23 +0.02% $23.00* 109K Mar 5, 2024 Direct F3
transaction SYF Common Stock Options Exercise $92.7K +3.77K +3.47% $24.55 112K Mar 5, 2024 Direct F3
transaction SYF Common Stock Sale -$1.68M -41.5K -36.92% $40.50 70.9K Mar 5, 2024 Direct F3
transaction SYF Common Stock Sale -$287K -6.96K -9.81% $41.25 64K Mar 5, 2024 Direct F3

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 -23 -100% $0.00* 0 Mar 5, 2024 Common Stock 23 $23.00 Direct F3
transaction SYF Employee Stock Option (right to buy) Options Exercise $0 -3.77K -100% $0.00* 0 Mar 5, 2024 Common Stock 3.77K $24.55 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2023.
F4 The reporting person was awarded employee stock options on September 17, 2014, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

Remarks:

EVP, CEO--Health & Wellness