ROGER C. HOCHSCHILD - 03 Dec 2021 Form 4 Insider Report for Discover Financial Services (DFS)

Role: CEO and President, Director
Signature: /s/ D. Christopher Greene as Attorney-in-Fact for Roger C. Hochschild
Issuer symbol: DFS
Transactions as of: 03 Dec 2021
Transactions value $: -$89,761
Form type: 4
Filing time: 07 Dec 2021, 18:37:15 UTC
Previous filing: 28 Sep 2021
Next filing: 14 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DFS	Common Stock	Gift	$0	-14.1K	-1.7%	$0.00	815K	15 Nov 2021	Direct
transaction	DFS	Common Stock	Tax liability	-$89.8K	-826	-0.1%	$108.67	814K	03 Dec 2021	Direct	F1
holding	DFS	Common Stock						29.1K	03 Dec 2021	By Hochschild Remainder Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld to satisfy the tax withholding obligation incurred in connection with the satisfaction of the Company's retirement eligibility provision.
F2	These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.