Wenzel Brian J. Sr. 4
4 · Synchrony Financial · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Synchrony (SYF) CFO Brian J. Wenzel Sr. Receives Award of 270 Shares
What Happened
Brian J. Wenzel Sr., EVP & Chief Financial Officer of Synchrony Financial (SYF), was credited with 270 dividend-equivalent units (treated as acquisitions) on May 15, 2026. The units are valued at $71.38 each, for a total economic value of $19,273. This transaction was an award of dividend equivalents linked to previously granted restricted stock units (RSUs), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-05-15; 270 units at $71.38 each; total value $19,273. (Transaction code A = Award/other acquisition)
- Shares owned after transaction: Not disclosed in this filing.
- Footnote (F1): These are dividend equivalent units accrued as dividends on the underlying RSUs. They vest and are settled proportionately and on the same terms as the related RSUs; each unit is economically equivalent to one share of common stock.
- Filing timeliness: Form 4 filed 2026-05-19 — timely filed (within the two-business-day SEC reporting window).
Context
This was a compensation-related credit of dividend equivalents tied to existing RSUs rather than a market transaction. Such dividend-equivalent awards are routine and reflect the treatment of dividends on unvested equity awards; they do not by themselves indicate a change in the insider’s market view.
Insider Transaction Report
- Award
Dividend Equivalent Unit
[F1]2026-05-15$71.38/sh+270$19,273→ 64,491 total
Footnotes (1)
- [F1]Represents dividend equivalent units accrued on May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units. 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.