Brian J. Sr. Wenzel - Mar 1, 2025 Form 4 Insider Report for Synchrony Financial (SYF)

Signature
/s/ Danielle Do as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2025
Transactions value $
-$3,038,410
Form type
4
Date filed
3/4/2025, 07:20 PM
Previous filing
Feb 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Award $1.8M +29.7K +24.92% $60.68 149K Mar 1, 2025 Direct F1
transaction SYF Common Stock Tax liability -$1.08M -17.7K -11.92% $60.68 131K Mar 1, 2025 Direct F2
transaction SYF Common Stock Sale -$3.76M -62.7K -47.88% $60.01 68.2K Mar 3, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents restricted stock units that will vest in three equal annual installments of 33.33% each, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial (the "Company") common stock.
F2 Reflects the number of shares of Company common stock automatically withheld by the Company to pay the tax liability of the reporting person in connection with the vesting of restricted stock units. No investment decision was made by the reporting person in connection with the withholding.
F3 This transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 12, 2024.

Remarks:

EVP, Chief Financial Officer