Form 4: Synchrony Financial Executive Jonathan Mothner Reports Changes in Beneficial Ownership

Jonathan Mothner, EVP, Chief Risk and Legal Officer of Synchrony Financial, reports transactions involving company stock, including acquisitions, disposals, and a gift.

Summary

• On March 1, 2024, Jonathan Mothner had 10,939 shares of Synchrony Financial common stock withheld to cover tax liabilities at a price of $41.05 per share.
• Also on March 1, 2024, Mothner acquired 31,791 shares of common stock through restricted stock units at a price of $41.05 per share.
• On March 5, 2024, Mothner sold 36,000 shares of common stock at $40.5 per share.
• On March 5, 2024, Mothner donated 4,000 shares of common stock as a gift.
• Following these transactions, Mothner directly owns 144,703 shares of Synchrony Financial common stock.
• The sale of 36,000 shares was executed under a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event. It simply reports transactions by an executive and doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Synchrony Financial, similar to filings made by executives at companies like American Express, Capital One, and Discover Financial Services.
• The transactions reported are typical for executives receiving stock-based compensation and managing their personal portfolios.

Key Dates