Form 4: Synchrony Financial Executive Acquires Dividend Equivalent Units

Courtney Gentleman, an executive at Synchrony Financial, acquired 97 dividend equivalent units on August 15, 2024, at a price of $45.89 per unit.

Summary

• On August 15, 2024, Courtney Gentleman, an EVP & CEO--Diversified & Value at Synchrony Financial, acquired 97 dividend equivalent units.
• The price per dividend equivalent unit was $45.89.
• Following the transaction, Gentleman directly owns 17,827 dividend equivalent units.
• These dividend equivalent units accrued as dividends paid on the common shares underlying restricted stock units.
• The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate.
• Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of dividend equivalent units by an executive.

Key Dates