Casellas Alberto 4

What Happened Alberto Casellas, EVP, CEO—Health & Wellness at Synchrony Financial (SYF), exercised 5,794 stock options on May 1, 2026 and immediately sold the resulting 5,794 shares in an open-market transaction. He acquired the shares at a $34.30 exercise price (cost $198,734) and sold them at $76.55 for total proceeds of $443,531 — a gross difference of $244,797 before taxes and fees.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filed 4 days after the trades).
• Exercise: 5,794 shares @ $34.30 (cost $198,734) — transaction coded M (option exercise).
• Sale: 5,794 shares @ $76.55 (proceeds $443,531) — transaction coded S (open-market sale).
• Additional derivative entry shows the option instrument was converted/disposed in connection with the exercise.
• Footnotes: Transaction executed pursuant to a 10b5-1 trading plan adopted Oct 27, 2025 (F1). Options were originally granted Apr 1, 2017 (11,588 options with a five-year vesting schedule) (F2).
• Shares owned after the transactions: not disclosed in this filing.
• Filing timing: Because the Form 4 was filed May 5 for a May 1 trade, the filing appears to be after the typical 2-business-day reporting window.

Context This was an option exercise followed by an immediate sale (a common "cashless" pattern where exercised shares are sold immediately). The 10b5-1 disclosure indicates the sale was made under a prearranged plan, which is intended to avoid timing-based insider trading concerns. Sales like this are typically routine liquidity events and do not, by themselves, indicate management sentiment about the company's stock.