Owens Darrell 4

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.