Form 4: Synchrony Financial Executive Acquires Dividend Equivalent Units
SEC Form 4 Filing
Alberto Casellas, an executive at Synchrony Financial, acquired 323 dividend equivalent units on May 15, 2024, at a price of $44.14 per unit.
Summary
- On May 15, 2024, Alberto Casellas, an executive at Synchrony Financial, acquired 323 dividend equivalent units.
- The price per dividend equivalent unit was $44.14.
- These units were accrued as dividends paid on 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.
- Following the transaction, Casellas directly owns 64,290 dividend equivalent units.
- Danielle Do, acting as attorney in fact, signed the report on May 17, 2024.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing detailing an executive's acquisition of dividend equivalent units. It's neutral in tone and reflects standard corporate governance practices.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Alberto Casellas acquired dividend equivalent units. |
| 05/17/2024 | Date of signature: Report signed by Danielle Do as attorney in fact. |
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