SYFSynchrony Financial
Deals with insiders in the proxy filed 2026-04-29
Deals between SYF and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-25.
Related Person Transactions“Except as described below, to the Company’s knowledge, there were no transactions or proposed transactions between the Company and any officer, director or nominee for director, any stockholder beneficially owning more than 5% of any class of our voting stock or any immediate family member of any of the foregoing (each, a “Related Person”), since January 1, 2025, involving more than $120,000 in which a Related Person has a direct or indirect material interest.”
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Related Person Transactions“The son of Mr. Howse, our Executive Vice President and CEO, Home & Auto, is employed by the Company in a non-executive position and received compensation of less than $120,000 in 2025. The daughter of Mr. Wenzel, our Executive Vice President, Chief Financial Officer, is also employed by the Company in a non-executive position and received compensation of approximately $124,000 in 2025. In addition to this compensation, both Mr. Howse’s son and Mr. Wenzel’s daughter received standard benefits generally made available to our employees. The compensation and benefits for Mr. Howse’s son and Mr. Wenzel’s daughter were determined by the Company in accordance with its compensation practices applicable to employees with equivalent qualifications and responsibilities and in similar positions.”
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The whole section
7 paragraphs quoted as filed
Related Person Transactions Policy“Our Board has adopted a written policy for the review, approval or ratification of transactions (known as “related person transactions”) between us or any of our subsidiaries and any related person, in which the amount involved since the beginning of our last completed fiscal year will or may be expected to exceed $120,000 and in which one of our executive officers, directors or nominees for director, or stockholders beneficially owning more than 5% of any class of our voting stock (or an immediate family member of any of the foregoing) has a direct or indirect material interest.”
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Related Person Transactions Policy“The policy calls for related person transactions to be reported to, reviewed and, if deemed appropriate, approved or ratified by, the Nominating and Corporate Governance Committee. In determining whether or not to approve or ratify a related person transaction, the Nominating and Corporate Governance Committee will take into account, among other factors it deems important, whether the related person transaction is in our best interests and whether the transaction is on terms no less favorable than terms generally available to us from an unaffiliated third party under the same or similar circumstances. The Nominating and Corporate Governance Committee will prohibit any transaction it determines to be inconsistent with the interests of the Company and its stockholders. In the event a member of the Nominating and Corporate Governance Committee is not disinterested with respect to the related person transaction under review, that member may not participate in the review, approval or ratification of that related person transaction. The Nominating and Corporate Governance Committee will timely advise the Board of all approved related person transactions.”
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Related Person Transactions Policy“Certain decisions and transactions are not subject to the related person transaction approval policy, including: (i) decisions on compensation or benefits relating to our directors or executive officers or the hiring or retention of our executive officers, if such compensation arrangements are reported pursuant to Item 402 of Regulation S-K, (ii) decisions relating to pro rata distributions to all our stockholders, (iii) indebtedness transactions with the Bank made in the ordinary course of business, on substantially the same terms, including interest rate and collateral, as those prevailing at the time for comparable loans with persons not related to the lender and not presenting more than the normal risk of collectability or other unfavorable features, and (iv) deposit transactions with the Bank made in the ordinary course of business and not paying a greater rate of interest on the deposits of a related person than the rate paid to other depositors on similar deposits with the Bank.”
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Related Person Transactions Policy“Certain of our directors and executive officers and certain members of their immediate families have received extensions of credit from us in connection with credit card transactions. The extensions of credit were made in the ordinary course of business on substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with other persons not related to us and did not involve more than the normal risk of collectability or present other unfavorable terms.”
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Related Person Transactions Policy“Future extensions of credit of this nature are not subject to the related person transaction approval policy.”
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Related Person Transactions“Except as described below, to the Company’s knowledge, there were no transactions or proposed transactions between the Company and any officer, director or nominee for director, any stockholder beneficially owning more than 5% of any class of our voting stock or any immediate family member of any of the foregoing (each, a “Related Person”), since January 1, 2025, involving more than $120,000 in which a Related Person has a direct or indirect material interest.”
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Related Person Transactions“The son of Mr. Howse, our Executive Vice President and CEO, Home & Auto, is employed by the Company in a non-executive position and received compensation of less than $120,000 in 2025. The daughter of Mr. Wenzel, our Executive Vice President, Chief Financial Officer, is also employed by the Company in a non-executive position and received compensation of approximately $124,000 in 2025. In addition to this compensation, both Mr. Howse’s son and Mr. Wenzel’s daughter received standard benefits generally made available to our employees. The compensation and benefits for Mr. Howse’s son and Mr. Wenzel’s daughter were determined by the Company in accordance with its compensation practices applicable to employees with equivalent qualifications and responsibilities and in similar positions.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗