Form 4: Synchrony Financial Director Acquires Dividend Equivalent Units
SEC Form 4 Filing
Jeffrey G. Naylor, a director of Synchrony Financial, acquired 46 dividend equivalent units at a price of $44.14 on May 15, 2024.
Summary
- On May 15, 2024, Jeffrey G. Naylor, a director of Synchrony Financial, acquired 46 dividend equivalent units.
- The price per unit was $44.14.
- Following the transaction, Naylor directly owns 79,772 Synchrony Financial securities.
- These dividend equivalent units are associated with restricted stock units and vest proportionately with them.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a director's acquisition of dividend equivalent units, which are often tied to executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 05/17/2024 | Date of signature on the Form 4 filing |
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