COVIELLO ARTHUR W JR 4

What Happened
Arthur W. Coviello Jr., a director of Synchrony Financial (SYF), was granted 14 dividend-equivalent units on May 15, 2026. The units are valued at $71.38 each, for a total reported value of $999. This transaction is recorded as an award/acquisition (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; filing date (Form 4): 2026-05-19 (timely filed).
• Shares/units acquired: 14 units at $71.38 each; total reported value $999.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: These are dividend equivalent units credited as dividends on the common shares underlying restricted stock units (RSUs). They vest and settle on the same terms as the related RSUs; each unit equals the economic value of one share.
• Transaction code: A (award/acquisition). No 10b5-1 plan, tax withholding, or late-filing flags noted in the provided information.

Context
Dividend-equivalent units are a form of compensation that mirror cash dividends on unvested RSUs; they are routine and typically reflect compensation mechanics rather than a direct buy/sell signal. The dollar amount here (~$999) is small and likely immaterial to overall insider holdings.