Bart Schaller - 15 Mar 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, CEO--Digital
Signature
/s/ Danielle Do as attorney in fact
Issuer symbol
SYF
Transactions as of
15 Mar 2024
Net transactions value
-$2,195,556
Form type
4
Filing time
19 Mar 2024, 17:22:39 UTC
Previous filing
05 Mar 2024
Next filing
17 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Options Exercise $195,293 +6,422 +6.6% $30.41 103,857 15 Mar 2024 Direct F1
transaction SYF Common Stock Options Exercise $254,614 +8,681 +8.4% $29.33 112,538 15 Mar 2024 Direct F1
transaction SYF Common Stock Sale $2,645,462 -61,781 -55% $42.82 50,757 15 Mar 2024 Direct F1

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 -6,422 -100% $0.000000* 0 15 Mar 2024 Common Stock 6,422 $30.41 Direct F1, F2
transaction SYF Employee Stock Option (right to buy) Options Exercise $0 -8,681 -100% $0.000000* 0 15 Mar 2024 Common Stock 8,681 $29.33 Direct F1, F3
* 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 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2023.
F2 The reporting person was awarded employee stock options on April 1, 2015, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.
F3 The reporting person was awarded employee stock options on April 1, 2016, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

Remarks:

EVP, CEO--Digital