Juel Carol 4

What Happened

• Carol Juel, EVP and Chief Technology & Operating Officer of Synchrony Financial (SYF), received 79,305 shares on 2026-01-21 upon vesting of Performance Share Units (PSUs). The award is valued at $77.13 per share, or about $6,116,795.
• To satisfy tax withholding related to the PSU vesting, 34,894 shares were surrendered/withheld by the company at the same $77.13 price (disposition value ~$2,691,374). Net shares issued to Juel after withholding were 44,411 (79,305 - 34,894).

Key Details

• Transaction date: 2026-01-21; price per share: $77.13.
• Gross award value: ~$6.12M; tax-withheld shares value: ~$2.69M; net value retained (shares issued): ~ $3.43M (44,411 shares × $77.13).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes: F1 = shares earned on vesting of PSUs under the 2023–2025 Long-Term Performance Program. F2 = shares withheld by the company to pay the reporting person’s tax liability.
• Transaction codes: A = Award/Acquisition (PSU vesting); F = Shares withheld for tax payment (share surrender). Filing was timely (reported 2026-01-23 for a 2026-01-21 transaction).

Context

• This was a compensation/vesting event (PSUs vesting), not an open-market purchase or voluntary sale. The withholding is a common "sell-to-cover" (share surrender) method to satisfy payroll taxes and does not necessarily indicate trading intent.
• For retail investors, awards are disclosure of executive compensation rather than a direct bullish or bearish market signal; purchases by insiders tend to be more informative about sentiment than routine vesting awards.