Darrell Owens, Executive Vice President and CEO of Lifestyle at Synchrony Financial, filed a Form 4 on August 19, 2026, disclosing the acquisition of 70 dividend equivalent units on August 17, 2026.

Key Highlights

  • Reporting person: Darrell Owens, identified in the filing as EVP and CEO - Lifestyle at Synchrony Financial
  • Security acquired: 70 Dividend Equivalent Units, acquired on August 17, 2026, with a listed price of $80.75
  • Transaction code: A (Acquisition), classified as non-derivative securities in Table I
  • Beneficial ownership following transaction: 16,480 shares held directly, as reported in the filing
  • Nature of units: The units accrued as dividends paid on common shares underlying restricted stock units and vest proportionately with those restricted stock units
  • Economic equivalence: According to the filing, "each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock"

Dividend Equivalent Units Accrue for Owens Under Synchrony RSU Program

According to the filing, the 70 Dividend Equivalent Units reported by Darrell Owens were "accrued on August 17, 2026 as dividends that were paid on the common shares underlying restricted stock units." The filing lists the price associated with the acquisition as $80.75. Synchrony Financial trades under the ticker SYF, as stated in the filing's issuer field (NYSE:SYF).

The filing explains that the dividend equivalent units "vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate." This means the units do not vest independently but follow the schedule of the underlying restricted stock units. The form was signed by Danielle Do as attorney-in-fact on behalf of Owens and dated August 19, 2026.

Following the reported transaction, Owens's direct beneficial ownership of the security stands at 16,480 units, as disclosed in Table I of the filing. The transaction code is recorded as A, indicating an acquisition, and ownership is held directly.

What Was Disclosed

Darrell Owens, EVP and CEO - Lifestyle at Synchrony Financial, disclosed the acquisition of 70 dividend equivalent units on August 17, 2026, accrued from dividends on restricted stock unit underlying shares, bringing his direct beneficial ownership to 16,480 units.