Jeffrey G. Naylor - Nov 15, 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Role: Director
Signature: /s/ Danielle Do, as attorney in fact
Stock symbol: SYF
Transactions as of: Nov 15, 2024
Transactions value $: $9,942
Form type: 4
Date filed: 11/19/2024, 06:12 PM
Previous filing: Oct 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYF	Dividend Equivalent Unit	Award	$9.94K	+153	+0.18%	$64.98	85.5K	Nov 15, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents dividend equivalent units accrued on November 15, 2024 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan (the "NED Deferred Compensation Plan"). The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units or deferred stock units to which they relate. Under the NED Deferred Compensation Plan, deferred stock units settle in shares of common stock according to the Reporting Person's election, in a single lump sum, in five installments or in ten installments, commencing in the July of the year following the year in which the Reporting Person terminates service with the Company. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.
F2	Includes approximately 2,500 dividend equivalent units accrued from regular quarterly dividends that were paid from May 3, 2019 through August 15, 2024 on the common shares underlying deferred stock units previously granted to the Reporting Person under the NED Deferred Compensation Plan. These dividend equivalent units were inadvertently not reported previously due to an administrative error and not any error of the Reporting Person.

Content

Represents dividend equivalent units accrued on November 15, 2024 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan (the "NED Deferred Compensation Plan"). The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units or deferred stock units to which they relate. Under the NED Deferred Compensation Plan, deferred stock units settle in shares of common stock according to the Reporting Person's election, in a single lump sum, in five installments or in ten installments, commencing in the July of the year following the year in which the Reporting Person terminates service with the Company. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Includes approximately 2,500 dividend equivalent units accrued from regular quarterly dividends that were paid from May 3, 2019 through August 15, 2024 on the common shares underlying deferred stock units previously granted to the Reporting Person under the NED Deferred Compensation Plan. These dividend equivalent units were inadvertently not reported previously due to an administrative error and not any error of the Reporting Person.