NAYLOR JEFFREY G 4

What Happened

• Director Jeffrey G. Naylor was credited with 197 shares as an award/acquisition (transaction code A) on May 15, 2026. The units are valued at $71.38 each, totaling $14,062.
• This transaction represents dividend equivalent units (DEUs) paid on restricted stock units and deferred stock units previously granted under Synchrony’s long‑term incentive and non‑employee director deferred compensation plans — an award/compensation event, not an open‑market purchase.

Key Details

• Transaction date and price: May 15, 2026 — 197 shares at $71.38 per share (total $14,062).
• Transaction type: A = Award/Grant/Other acquisition (dividend equivalent units).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The shares represent dividend equivalent units accrued as dividends on underlying RSUs and deferred stock units; each DEU equals one share of Synchrony common stock.
• Filing timeliness: Form 4 filed on May 19, 2026 for a May 15, 2026 transaction — the filing was timely.

Context

• Dividend equivalent units are routine compensation adjustments that mirror cash dividends on outstanding restricted or deferred shares; they do not indicate an open‑market buy or sell by the insider.
• Such awards are typical for directors and reflect compensation mechanics rather than a direct signal about the director’s personal investment decision.