Alves Paget Leonard 4

What Happened
Alves Paget Leonard, a non‑employee director of Synchrony Financial (SYF), was credited with 147 shares on February 17, 2026 at a reported per‑share value of $72.31, a total economic value of $10,630. The transaction is reported as an award/acquisition (code A) rather than an open‑market purchase.

Key Details

• Transaction date: 2026-02-17; filed on 2026-02-19 (appears timely).
• Shares awarded: 147 at $72.31 per share; total value $10,630.
• Transaction type: Award/Acquisition (Code A).
• Footnote (F1): These 147 units are dividend equivalent units — economic equivalents of one share each — accrued and paid on the common shares underlying previously granted restricted stock units and deferred stock units under the company’s long‑term incentive and director deferred compensation plans.
• Shares owned after transaction: Not disclosed in the provided filing.

Context
Dividend equivalent units are a form of compensation that credits an insider with the cash/equivalent value of dividends on outstanding RSUs or deferred stock units. This is a routine compensation event and not an open‑market purchase or sale, so it should not be interpreted as direct trading sentiment by the director.