Jonathan S. Mothner - Mar 1, 2024 Form 4 Insider Report for Synchrony Financial (SYF)

Signature
/s/ Danielle Do, as attorney in fact
Stock symbol
SYF
Transactions as of
Mar 1, 2024
Transactions value $
-$602,025
Form type
4
Date filed
3/5/2024, 07:30 PM
Previous filing
Feb 20, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYF Common Stock Tax liability -$449K -10.9K -6.68% $41.05 153K Mar 1, 2024 Direct F1
transaction SYF Common Stock Award $1.31M +31.8K +20.79% $41.05 185K Mar 1, 2024 Direct F2
transaction SYF Common Stock Sale -$1.46M -36K -19.49% $40.50 149K Mar 5, 2024 Direct F3
transaction SYF Common Stock Gift $0 -4K -2.69% $0.00 145K Mar 5, 2024 Direct F3, F4
* 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 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.
F2 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.
F3 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2023.
F4 Represents shares that the reporting person donated as a gift to a donor advised fund.

Remarks:

EVP, Chief Risk and Legal Officer