ROGER C. HOCHSCHILD - 01 Feb 2022 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: 01 Feb 2022
Transactions value $: -$5,161,369
Form type: 4
Filing time: 03 Feb 2022, 16:54:36 UTC
Previous filing: 23 Dec 2021
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DFS	Common Stock	Award	$0	+82.3K	+10.11%	$0.00	896K	01 Feb 2022	Direct
transaction	DFS	Common Stock	Tax liability	-$5.16M	-43.7K	-4.88%	$118.02	853K	01 Feb 2022	Direct	F1
holding	DFS	Common Stock						29.1K	01 Feb 2022	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	Number of shares withheld to pay the tax withholding obligation incurred in connection with the vesting of previously granted performance stock units and restricted stock units.
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.