Owens Darrell 4
4 · Synchrony Financial · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Synchrony Financial (SYF) EVP & CEO Darrell Owens Sells 10,304 Shares
What Happened Darrell Owens, EVP & CEO — Lifestyle at Synchrony Financial (SYF), sold 10,304 shares in an open-market transaction on February 17, 2026 for approximately $727,462 (price: $70.60). On the same day he was also credited with 68 dividend-equivalent units related to restricted stock units, valued at about $4,917 (price: $72.31). The sale was executed under a pre-established plan.
Key Details
- Transactions: 10,304 shares sold (S) at $70.60 each = $727,462; 68 shares awarded/credited (A) at $72.31 each = $4,917.
- Date of transactions: February 17, 2026.
- Filing: Form 4 filed Feb 19, 2026 — appears timely (within the usual 2-business-day Section 16 filing window).
- Footnotes: F1 — the 68 units are dividend equivalent units that vest and settle on the same terms as the related restricted stock units (each unit equals one share economically). F2 — the sale was made pursuant to a Rule 10b5-1 trading plan adopted Oct 17, 2025.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
Context
- Dividend-equivalent units are not new shares issued at the time of credit; they mirror the economic value of shares tied to existing RSUs and vest/settle under the same rules.
- The sale was executed under a 10b5-1 plan, which is a prearranged trading program that can make sales more routine and less indicative of contemporaneous insider views.
- For retail investors: purchases by insiders can be more informative than routine, preplanned sales; this filing documents a sizable sale but also a small award of dividend-equivalent units tied to existing equity compensation.
Insider Transaction Report
Form 4
Owens Darrell
See remarks
Transactions
- Award
Dividend Equivalent Unit
[F1]2026-02-17$72.31/sh+68$4,917→ 26,537 total - Sale
Common Stock
[F2]2026-02-17$70.60/sh−10,304$727,462→ 16,233 total
Footnotes (2)
- [F1]Represents dividend equivalent units accrued on February 17, 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.
- [F2]This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 17, 2025.
Signature
/s/ Danielle Do, as attorney-in-fact|2026-02-19