David P. Melito - Mar 1, 2022 Form 4 Insider Report for Synchrony Financial (SYF)

Role
SVP, Chief Accounting Officer and Controller
Signature
/s/ Danielle Do, as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2022
Transactions value $
-$48,769
Form type
4
Date filed
3/3/2022, 03:20 PM
Previous filing
Feb 22, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Award $250K +6.33K +35.85% $39.47 24K Mar 1, 2022 Direct F1
transaction SYF Common Stock Tax liability -$133K -3.37K -14.05% $39.47 20.6K Mar 1, 2022 Direct F2
transaction SYF Common Stock Sale -$166K -4.14K -20.08% $40.00 16.5K Mar 2, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 25, 2021.

Remarks:

SVP, Chief Accounting Officer and Controller