Synchrony (SYF) EVP/CFO Brian Wenzel Receives 272-Share Award

What Happened
Brian J. Wenzel, Sr., EVP and Chief Financial Officer of Synchrony Financial (SYF), was credited with 272 dividend-equivalent units on August 17, 2026. The units are reported at an equivalent value of $80.75 each, totaling $21,964, and were recorded as an award/acquisition (Form 4 code A). These dividend-equivalent units are tied to restricted stock units rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-08-17; 272 units at $80.75 each (total $21,964).
• Transaction type: Award/acquisition (dividend-equivalent units related to RSUs).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: These represent dividend equivalent units accrued as dividends on the common shares underlying restricted stock units; they vest and settle on the same terms as the related RSUs and are economically equivalent to one share each.
• Filing timeliness: Report filed 2026-08-19 (appears timely; Form 4 filed within the typical 2-business-day window).

Context
Dividend-equivalent units are a common component of RSU compensation and reflect dividends that accrue while RSUs are outstanding. They are not an open-market purchase or sale and do not necessarily indicate a change in the insider’s view of the stock.