FASOLI DAVID 5
5 · Synchrony Financial · Filed Feb 14, 2018
Insider Transaction Report
Form 5
FASOLI DAVID
See Remarks
Transactions
- Award
Dividend Equivalent Unit
2017-12-31+2,062→ 2,062 total→ Common Stock (2,062 underlying) - Award
Phantom Stock Units
2017-12-31+288→ 851 total→ Common Stock (288 underlying)
Footnotes (2)
- [F1]Represents 1,422, 91, 174, 240 and 135 dividend equivalent units accrued as dividends were paid on the common shares underlying restricted stock units originally granted to the reporting person on July 31, 2014, September 17, 2014, April 1, 2015, April 1, 2016 and April 1, 2017, respectively. The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.
- [F2]The reported phantom stock units were acquired under the Synchrony Financial Restoration Plan in transactions exempt from Section 16(a) and (b) under Rule 16b-3(c) of the Securities Exchange Act of 1934, and are to be settled, in cash, upon the reporting person's retirement or certain involuntary terminations of employment, subject to the terms set forth in the Restoration Plan. Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock.