Maran Nalluswami - 01 Mar 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Reporting relationship: EVP, CEO--Diversified & Value and Lifestyle
Issuer ticker: SYF
Reported as of: 01 Mar 2024
Net transaction value: -$15,130
SEC form: 4
Accepted by SEC: 05 Mar 2024, 19:29:35 UTC
Prior SEC filing: 20 Feb 2024
Next SEC filing: 17 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Danielle Do as attorney in fact

Key filing fact

Maran Nalluswami filed Form 4 for Synchrony Financial (SYF) on 05 Mar 2024.

Key facts

This page summarizes Maran Nalluswami's Form 4 filing for Synchrony Financial (SYF).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Mar 2024, 19:29.

Change

Previous filing in this sequence was filed on 20 Feb 2024.
Current net transaction value: -$15,130.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SYF transaction

Common Stock

Tax liability

Transaction value: $195,562
Shares: -4,764
Change %: -14%
Price: $41.05
Shares after: 29,212
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

SYF transaction

Common Stock

Award

Transaction value: $742,512
Shares: +18,088
Change %: +62%
Price: $41.05
Shares after: 47,300
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

SYF transaction

Common Stock

Options Exercise

Transaction value: $30,192
Shares: +1,191
Change %: +2.5%
Price: $25.35
Shares after: 48,491
Date: 05 Mar 2024
Ownership: Direct
Footnotes: F3

SYF transaction

Common Stock

Sale

Transaction value: $592,272
Shares: -14,624
Change %: -30%
Price: $40.50
Shares after: 33,867
Date: 05 Mar 2024
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SYF transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -1,191
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,191
Exercise price: $25.35
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote F3

This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2023.

Footnote F4

The reporting person was awarded employee stock options on July 1, 2016, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

SEC remarks

EVP, CEO--Diversified & Value and Lifestyle