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Synchrony Financial — Director's Dealing 2021
Mar 3, 2021
30169_dirs_2021-03-03_67e90eb1-ab00-418e-ac24-dcb76282b105.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Synchrony Financial (SYF)
CIK: 0001601712
Period of Report: 2021-03-01
Reporting Person: Casellas Alberto (See remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-01 | Common Stock | A | 23625 | $40 | Acquired | 96364 | Direct |
| 2021-03-01 | Common Stock | F | 7273 | $40 | Disposed | 89091 | Direct |
| 2021-03-01 | Common Stock | M | 20292 | $23 | Acquired | 109383 | Direct |
| 2021-03-01 | Common Stock | S | 20292 | $39.46 | Disposed | 89091 | Direct |
| 2021-03-01 | Common Stock | S | 21521 | $39.46 | Disposed | 67570 | Direct |
| 2021-03-02 | Common Stock | S | 9882 | $39.83 | Disposed | 57688 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Employee Stock Option (right to buy) | $23.0 | M | 20292 | Disposed | 2024-07-31 | Common Stock (20292.0) | Direct |
| 2021-03-01 | Phantom Stock Units | $ | A | 1459 | Acquired | Phantom Stock Units (1459.0) | Direct |
Footnotes
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 January 29, 2021.
F4: The reported phantom stock units were acquired under the Synchrony Financial Restoration Plan and are to be settled upon the reporting person's separation from service to the Company, subject to the requirements set forth in the Restoration Plan. Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock.