Wenzel Brian J. Sr. 4

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.