Gentleman Courtney 4
Research Summary
AI-generated summary
Synchrony Financial (SYF) EVP Courtney Gentleman Receives Award
What Happened
- Courtney Gentleman, EVP & CEO—Diversified & Value at Synchrony Financial, received 18,313 shares on 2026-01-21 as the vesting of Performance Share Units (PSUs) under the 2023–2025 Long-Term Performance Program. The shares were recorded at $77.13 each (total value ≈ $1,412,482).
- Simultaneously, 6,267 shares (at $77.13) were withheld to satisfy the reporting person’s tax withholding obligation related to the PSU vesting (proceeds ≈ $483,374). The withholding is a routine tax payment, not an open-market sale.
Key Details
- Transaction date: 2026-01-21; Price per share used for reporting: $77.13.
- Award: 18,313 shares (PSU vesting, F1). Tax withholding: 6,267 shares withheld by the company (F2).
- Filing: Form 4 filed 2026-01-23 — appears timely (filed within the typical 2-business-day window).
- Shares owned after the transaction: not specified in the provided filing.
Context
- These shares result from PSUs vesting based on pre-established 2023–2025 performance goals; such awards reflect compensation outcomes, not an open-market purchase decision.
- The withholding of shares to cover taxes is a common, administrative step and should not be interpreted as separate insider selling for investment reasons.