Form 4: Synchrony Financial Executive Alberto Casellas Reports Stock Transactions
SEC Form 4 Filing
Alberto Casellas, an executive at Synchrony Financial, reported transactions involving company stock, including acquisitions, disposals, and option exercises, according to a Form 4 filing.
Summary
- On March 1, 2024, Alberto Casellas had 13,684 shares of Synchrony Financial common stock withheld to cover tax liabilities at a price of $41.05 per share, and acquired 27,817 restricted stock units at a price of $41.05 per share.
- On March 5, 2024, Casellas exercised 23 employee stock options at $23 and 3,774 employee stock options at $24.55.
- Also on March 5, 2024, Casellas sold 41,513 shares at $40.50 and 6,956 shares at $41.25.
- Following these transactions, Casellas directly owns 63,967 shares of Synchrony Financial common stock.
- The transactions were made pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The reported transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/31/2018 | Date employee stock options were exercisable |
| 09/17/2014 | Date employee stock options were awarded |
| 11/29/2023 | Date Rule 10b5-1 trading plan was adopted |
| 03/01/2024 | Date of common stock transactions (tax withholding and restricted stock unit acquisition) |
| 03/05/2024 | Date of employee stock option exercises and common stock sales |
| 07/31/2024 | Expiration date of employee stock options |
| 09/17/2024 | Date employee stock options expire |
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