Brian J. Sr. Wenzel - Aug 15, 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Role
EVP, CFO
Signature
/s/ Danielle Do as attorney in fact
Stock symbol
SYF
Transactions as of
Aug 15, 2024
Transactions value $
-$3,222,673
Form type
4
Date filed
8/19/2024, 05:21 PM
Previous filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Dividend Equivalent Unit Award $19K +413 +0.29% $45.89 142K Aug 15, 2024 Direct F1
transaction SYF Common Stock Options Exercise $249K +8.49K +5.96% $29.33 151K Aug 19, 2024 Direct F2
transaction SYF Common Stock Sale -$3.49M -74.7K -49.49% $46.73 76.3K Aug 19, 2024 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 -8.49K -100% $0.00* 0 Aug 19, 2024 Common Stock 8.49K $29.33 Direct F2, 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 Represents dividend equivalent units accrued on August 15, 2024 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 May 20, 2024.
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, CFO