COVIELLO ARTHUR W JR 4
4 · Synchrony Financial · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Synchrony (SYF) Director Arthur W. Coviello Jr Receives Award
What Happened
Arthur W. Coviello Jr., a director of Synchrony Financial (SYF), was credited with 14 dividend-equivalent units on February 17, 2026. The filing reports an acquisition-type award at $72.31 per unit, totaling $1,012. This was an award (not an open-market purchase or sale) tied to restricted stock units.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (timely Form 4 filing).
- Reported terms: 14 units × $72.31 = $1,012 (reported). Transaction code: A (award/grant).
- Shares owned after transaction: Not provided in the supplied filing data.
- Footnote: These are dividend equivalent units that accrued as dividends on the common shares underlying restricted stock units; they vest and settle on the same terms as the related RSUs and each unit is the economic equivalent of one share.
- No indication of a 10b5-1 plan, sale, tax-withholding, or late filing in the provided data.
Context
Dividend-equivalent units are a form of compensation tied to restricted stock units and are not a market purchase or sale — they reflect accrued dividends and will vest/settle according to the RSU agreement. Such awards are common for executives and directors and do not, by themselves, indicate a buy/sell trading signal.
Insider Transaction Report
- Award
Dividend Equivalent Unit
[F1]2026-02-17$72.31/sh+14$1,012→ 32,458 total
Footnotes (1)
- [F1]Represents dividend equivalent units accrued on February 17, 2026 as dividends that were paid on the common shares underlying restricted stock units. 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.