Bart Schaller - 31 Dec 2024 Form 5 Insider Report for Synchrony Financial (SYF)

Signature
/s/ Danielle Do, as attorney in fact
Issuer symbol
SYF
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
5
Filing time
10 Feb 2025, 17:16:32 UTC
Previous filing
19 Nov 2024
Next filing
23 Jan 2025

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 Phantom Stock Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -10,185 -56% 7,938 21 Oct 2021 Common Stock 10,185 Direct F1, F2, F3, F4
holding SYF Phantom Stock Units 17,560 31 Dec 2024 Common Stock 17,560 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom stock units held by the Reporting Person in the Synchrony Financial Restoration Plan, an excess benefit plan pursuant to Rule 16b-3(b)(2) (the "Restoration Plan"), as of June 14, 2021, the date the Reporting Person became a Section 16 Officer. This transaction is being reported late due to an inadvertent administrative error and not any error of the Reporting Person.
F2 Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock.
F3 Phantom stock units acquired under the Restoration Plan will be settled, in cash, the month following the six-month anniversary of the Reporting Person's separation from Company unless otherwise provided by the terms of the Restoration Plan or elected by the Reporting Person.
F4 The Reporting Person transferred the cash value of 10,185 phantom stock units to an alternative investment option within the Reporting Person's Restoration Plan account. The disposition was valued based on the closing price of Synchrony Financial common stock on the date of the transfer, $49.09. This transaction is being reported late due to an inadvertent administrative error and not any error of the Reporting Person.

Remarks:

EVP, CEO--Digital