Form 4: Synchrony Financial Director Acquires Dividend Equivalent Units
SEC Form 4 Filing
Arthur W. Coviello Jr., a director of Synchrony Financial, acquired 13 dividend equivalent units at a price of $65.29 on February 18, 2025.
Summary
- On February 18, 2025, Arthur W. Coviello Jr., a director of Synchrony Financial, acquired 13 dividend equivalent units.
- The price per unit was $65.29.
- These dividend equivalent units are related to dividends paid on common shares underlying restricted stock units.
- The units vest proportionately with and are subject to the same terms as the related restricted stock units.
- Following the transaction, Coviello directly owns 47,498 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's equity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a small number of dividend equivalent units.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction: Acquisition of dividend equivalent units. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Synchrony Financial, Director, Dividend Equivalent Units, Acquisition, Form 4, SYF, Coviello
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