Synchrony (SYF) Director Zane Ellen Receives 14-Share Award

What Happened
Zane Ellen, a director of Synchrony Financial (SYF), was awarded 14 dividend-equivalent units on August 17, 2026. The units are reported at $80.75 each, for a total reported value of approximately $1,131. This was an award (code A) tied to existing restricted stock units, not a market purchase or sale.

Key Details

• Transaction date: 2026-08-17; Filing date (Form 4): 2026-08-19 (filed within the typical two-business-day window).
• Quantity and price: 14 units at $80.75 each; total ≈ $1,131.
• Post-transaction holdings: Not specified in the filing.
• Footnote F1: These are dividend equivalent units accrued as dividends on the common shares underlying RSUs; they vest and settle on the same terms as the related RSUs and are each economically equivalent to one share.
• Footnote F2: Balance adjusted to account for rounding of fractional shares over time.
• Transaction type: Award/grant (routine compensation), not an open-market trade.

Context
Dividend-equivalent units are typically paid as part of equity compensation programs and track dividends on underlying RSUs; they generally reflect routine compensation rather than a directional bet on the stock. This transaction does not indicate a sale or purchase in the open market.