Form 4: Synchrony Financial Director Ellen M. Zane Reports Dividend Equivalent Unit Acquisition
SEC Form 4 Filing
Director Ellen M. Zane reports the acquisition of dividend equivalent units related to restricted stock units of Synchrony Financial.
Summary
- On August 15, 2024, Ellen M. Zane, a director of Synchrony Financial, acquired 23 dividend equivalent units.
- These units were accrued as dividends paid on common shares underlying restricted stock units and are economically equivalent to one share of Synchrony Financial common stock each.
- The price of the acquisition was $45.89 per unit.
- Following the transaction, Zane directly owns 25,693 dividend equivalent units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, indicating continued investment by a director, which is generally viewed neutrally to slightly positively.
Positives
- The acquisition of dividend equivalent units reflects continued investment in Synchrony Financial by a director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: acquisition of dividend equivalent units. |
| 08/19/2024 | Date of report signature. |
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