Form 4: Synchrony Financial Director Laurel Richie Acquires Shares
SEC Form 4 Filing
Director Laurel Richie acquired 957 shares of Synchrony Financial common stock at $43.12 per share on March 31, 2024.
Summary
- On March 31, 2024, Laurel Richie, a director of Synchrony Financial, acquired 957 shares of common stock at a price of $43.12 per share.
- Following this transaction, Richie directly owns 41,998 shares of Synchrony Financial.
- The transaction also involved restricted stock units that will vest in full on March 31, 2025, each representing a contingent right to receive one share of Synchrony Financial common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units will vest on March 31, 2025, potentially increasing the number of shares owned by the 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 trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Laurel Richie acquired 957 shares of Synchrony Financial common stock. |
| 03/31/2025 | Date restricted stock units will vest in full. |
| 04/02/2024 | Date of signature for the report. |
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