Form 4: Synchrony Financial Executive Courtney Gentleman Reports Stock Transactions
SEC Form 4 Filing
Courtney Gentleman, an officer at Synchrony Financial, reported the acquisition and disposal of company stock, including transactions related to restricted stock units and a pre-arranged trading plan.
Summary
- On March 1, 2025, Courtney Gentleman acquired 7,416 shares of Synchrony Financial common stock at $60.68 per share.
- On the same day, 2,770 shares were disposed of at $60.68 per share to cover tax liabilities related to vesting restricted stock units.
- On March 3, 2025, 10,010 shares were sold at $60.01 per share under a Rule 10b5-1 trading plan.
- Following these transactions, Gentleman directly owns 18,808 shares of Synchrony Financial common stock.
- The initial acquisition of 7,416 shares was related to restricted stock units vesting in equal annual installments starting on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/01/2025 | Acquisition of 7,416 shares and disposal of 2,770 shares |
| 03/03/2025 | Sale of 10,010 shares |
| 03/04/2025 | Date of signature for the Form 4 filing |
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