Synchrony (SYF) Director Arthur Coviello Receives 25 Shares

What Happened

• Arthur W. Coviello Jr., a director of Synchrony Financial (SYF), acquired a total of 25 shares on August 17, 2026. This consisted of a grant/award of 14 dividend-equivalent units at $80.75 each (value $1,131) and a small acquisition of 11 shares via dividend reinvestment at $80.60 each (value $887). Total value ≈ $2,018.
• These are acquisitions (not sales), typically routine compensation/dividend-related transactions rather than open-market purchases.

Key Details

• Transaction dates: August 17, 2026; Form 4 filed August 19, 2026.
• Prices and amounts: 14 shares @ $80.75 (award/accrued dividend equivalents); 11 shares @ $80.60 (broker dividend reinvestment). Combined ≈ $2,018.
• Footnotes:
  • Dividend-equivalent units (F1) represent the economic equivalent of one common share, accrued as dividends on restricted stock units; they vest and settle on the same terms as the related RSUs.
  • The 11 shares were acquired via a broker dividend reinvestment plan (F2).
  • Balance adjusted for fractional-share rounding over time (F3).
• Shares owned after the transactions: not provided in the supplied filing excerpt.
• Filing timeliness: Form filed two days after the reported transactions (filed 2026-08-19 for activity on 2026-08-17); no late-filing note is indicated in the provided data.

Context

• These transactions reflect dividend-related accruals and reinvestment rather than a market-timed purchase or sale; such transactions are common for insiders receiving dividends or RSU-related payouts and do not necessarily indicate a change in insider sentiment.