Parker P.W. 4

What Happened

• Director Parker P.W. received an award/acquisition of 14 dividend-equivalent units on May 15, 2026, recorded at $71.38 per unit for a total value of $999. This was reported on a Form 4 filed May 19, 2026. The transaction code is "A" (award/grant/acquisition) and the filing includes footnote F1 explaining the units.

Key Details

• Transaction date and price: 2026-05-15 — 14 units @ $71.38 each.
• Total reported value: $999 (about $1.0k).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote F1: These are dividend equivalent units accrued as dividends on the common shares underlying restricted stock units (RSUs). They vest and settle on the same terms as the related RSUs and are economically equivalent to one share of Synchrony common stock.
• Timeliness: Form 4 filed 2026-05-19 for a 2026-05-15 transaction — appears to have been reported 4 days after the transaction, which is later than the typical 2-business-day reporting requirement.

Context

• This was an award of dividend-equivalent units tied to existing RSUs, not an open-market purchase or sale. Such dividend equivalents are common compensation-related credits for directors and do not necessarily indicate a personal buy or sell decision. The small dollar value ($999) suggests a routine compensation accrual rather than a material insider investment.