Synchrony (SYF) Director Richie Laurel Receives 138-Share Award

What Happened

• Richie Laurel, a member of Synchrony Financial's board of directors, was credited with 138 shares as an award (transaction code A) on August 17, 2026. The shares are valued at $80.75 each, totaling $11,144. This was not a purchase or sale but a grant of dividend-equivalent units tied to previously granted restricted stock units and deferred stock units.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (timely filing).
• Shares received: 138 at $80.75 each; total value ≈ $11,144.
• Transaction code: A (award/grant — dividend equivalent units).
• Footnote F1: These 138 units are dividend equivalent units accrued and paid on the common shares underlying previously granted RSUs and deferred stock units; each unit equals one share.
• Footnote F2: Balance adjusted for rounding of fractional shares over time.
• Post-transaction holdings: Not specified in the provided excerpt — see the full Form 4 for total beneficial ownership.

Context

• Dividend-equivalent awards are a routine compensation mechanism tied to existing equity grants and do not represent an independent purchase or sale signal. They reflect accrued dividends being paid as additional share units rather than cash.