Form 4: Synchrony Financial Director Acquires Dividend Equivalent Units
SEC Form 4 Filing
Arthur W. Coviello Jr., a director at Synchrony Financial, acquired 26 dividend equivalent units at $44.14 each on May 15, 2024.
Summary
- On May 15, 2024, Arthur W. Coviello Jr., a director of Synchrony Financial, acquired 26 dividend equivalent units at a price of $44.14 per unit.
- Following this transaction, Coviello directly owns 45,110 dividend equivalent units.
- These dividend equivalent units accrued as dividends paid on common shares underlying restricted stock units, vesting proportionately and subject to the same terms as the related restricted stock units.
- Each dividend equivalent unit represents the economic equivalent of one share of Synchrony Financial common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a director's acquisition of dividend equivalent units, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence and alignment of interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
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. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.