Richie Laurel 4

What Happened

• Richie Laurel, a director of Synchrony Financial (SYF), received an award of 129 dividend-equivalent units on February 17, 2026. The units are reported at $72.31 each for a total economic value of $9,328. This was an award (A) — not a purchase or sale.

Key Details

• Transaction date and value: 2026-02-17; 129 units at $72.31 each; total value $9,328.
• Filing date: Form 4 filed 2026-02-19 (timely; within the two-business-day reporting window).
• Shares owned after transaction: Not reported in this filing.
• Footnote: These are dividend equivalent units accrued and paid on underlying restricted stock units and deferred stock units previously granted under the company’s long-term incentive and director deferred compensation plans. Each dividend equivalent unit is the economic equivalent of one share of Synchrony common stock.

Context

• This was a routine compensation-related award (dividend equivalents tied to previously granted RSUs/deferred units), not an open-market buy or sale. Such awards are administrative and reflect dividend payouts on existing equity awards rather than a director purchasing additional exposure. The amount (~$9.3k) is modest and generally not viewed as a strong buy/sell signal on its own.