Form 4: Synchrony Financial Executive Amy Tiliakos Reports Acquisition of Dividend Equivalent Units

Amy Tiliakos, SVP, Chief Accounting Officer and Controller at Synchrony Financial, reported the acquisition of 88 dividend equivalent units on August 15, 2024, at a price of $45.89 per unit.

Summary

• On August 15, 2024, Amy Tiliakos, SVP, Chief Accounting Officer and Controller at Synchrony Financial, acquired 88 dividend equivalent units.
• The price per dividend equivalent unit was $45.89.
• These units were accrued as dividends paid on the common shares underlying restricted stock units.
• Tiliakos directly owns 16,151 dividend equivalent units following the reported transaction.
• 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 routine regulatory filing detailing an executive's acquisition of dividend equivalent units, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• The acquisition of dividend equivalent units by a company executive can signal alignment of interests with shareholders.

Key Dates