Form 4: Synchrony Financial Director Alves Paget Leonard Reports Changes in Beneficial Ownership

Director Alves Paget Leonard reports acquisition of common stock and dividend equivalent units in Synchrony Financial.

Summary

• On May 13, 2024, Alves Paget Leonard, a director of Synchrony Financial, acquired 64 shares of common stock at a price of $45.69 per share through a dividend reinvestment plan.
• On May 15, 2024, Leonard also acquired 26 dividend equivalent units, each representing one share of Synchrony Financial common stock, at a price of $44.14.
• Following these transactions, Leonard directly owns 42,047 shares of Synchrony Financial common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to dividend reinvestment and dividend equivalent units, indicating standard compensation practices.

Positives

• The acquisition of shares through a dividend reinvestment plan indicates a continued investment and confidence in Synchrony Financial by a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates