{"filing":{"accession_number":"0001193125-26-259868","cik":"0001601712","ticker":"SYF-PB","company_name":"Synchrony Financial","form":"8-K","filing_date":"2026-06-05","report_date":null,"primary_document":"d244139d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1601712/000119312526259868/d244139d8k.htm"},"events":[{"id":6519,"run_id":5705,"accession_number":"0001193125-26-259868","anchor_item_number":"8.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.82,"summary":"Synchrony Financial issued 500,000 depositary shares representing Series C Preferred Stock (7.250% Fixed Rate Reset Non-Cumulative Perpetual) on June 5, 2026 pursuant to an underwriting agreement dated June 2, 2026. The offering was registered and resulted in material shareholder dilution and capital raising.","company_name":"Synchrony Financial","ticker":"SYF-PB","filing_date":"2026-06-05","form":"8-K","submitted_at":null,"items":[{"id":4930,"accession_number":"0001193125-26-259868","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Synchrony Financial issued 500,000 depositary shares representing a new series of preferred stock (Series C, 7.250% Fixed Rate Reset Non-Cumulative Perpetual) on June 5, 2026, with a Certificate of Designations filed establishing voting rights, preferences, and restrictions. While this is a material capital issuance that modifies security holder rights and creates new dividend/redemption/liquidation preferences, it does not fit cleanly into the dilutive_issuance category (which typically applies to unregistered equity sales raising cash) nor any other specific taxonomy event. The disclosure centers on the structural modification of rights rather than a discrete corporate action like M\u0026A, impairment, or executive change.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"","ticker":null,"filing_date":""},{"id":4931,"accession_number":"0001193125-26-259868","item_number":"5.03","item_title":"Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The filing discloses an amendment to the Company's Amended and Restated Certificate of Incorporation via a Certificate of Designations for Series C Preferred Stock that became effective upon filing with Delaware. While Item 5.03 covers amendments to articles and bylaws, the materiality here derives from the creation of a new class of preferred stock with designated terms, which affects the capital structure and shareholder rights. This is material to investors but does not fit neatly into the more specific event categories (it is neither a routine bylaw amendment nor a dilutive issuance in the traditional sense), warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"","ticker":null,"filing_date":""},{"id":4932,"accession_number":"0001193125-26-259868","item_number":"8.01","item_title":"Other Events.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Synchrony Financial entered into an underwriting agreement on June 2, 2026 to issue and sell 500,000 Depositary Shares representing preferred stock in a public offering. This is a registered equity issuance that dilutes existing shareholders and raises capital, fitting the dilutive_issuance category. While technically a preferred stock offering rather than common equity, the material capital-raising activity and shareholder dilution make this a significant disclosure for investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":4930,"accession_number":"0001193125-26-259868","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"Synchrony Financial issued 500,000 depositary shares representing a new series of preferred stock (Series C, 7.250% Fixed Rate Reset Non-Cumulative Perpetual) on June 5, 2026, with a Certificate of Designations filed establishing voting rights, preferences, and restrictions. While this is a material capital issuance that modifies security holder rights and creates new dividend/redemption/liquidation preferences, it does not fit cleanly into the dilutive_issuance category (which typically applies to unregistered equity sales raising cash) nor any other specific taxonomy event. The disclosure centers on the structural modification of rights rather than a discrete corporate action like M\u0026A, impairment, or executive change.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"Synchrony Financial","ticker":"SYF-PB","filing_date":"2026-06-05"},{"id":4931,"accession_number":"0001193125-26-259868","item_number":"5.03","item_title":"Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.65,"reasoning":"The filing discloses an amendment to the Company's Amended and Restated Certificate of Incorporation via a Certificate of Designations for Series C Preferred Stock that became effective upon filing with Delaware. While Item 5.03 covers amendments to articles and bylaws, the materiality here derives from the creation of a new class of preferred stock with designated terms, which affects the capital structure and shareholder rights. This is material to investors but does not fit neatly into the more specific event categories (it is neither a routine bylaw amendment nor a dilutive issuance in the traditional sense), warranting classification as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"Synchrony Financial","ticker":"SYF-PB","filing_date":"2026-06-05"},{"id":4932,"accession_number":"0001193125-26-259868","item_number":"8.01","item_title":"Other Events.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Synchrony Financial entered into an underwriting agreement on June 2, 2026 to issue and sell 500,000 Depositary Shares representing preferred stock in a public offering. This is a registered equity issuance that dilutes existing shareholders and raises capital, fitting the dilutive_issuance category. While technically a preferred stock offering rather than common equity, the material capital-raising activity and shareholder dilution make this a significant disclosure for investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T21:03:27.903336+00:00","company_name":"Synchrony Financial","ticker":"SYF-PB","filing_date":"2026-06-05"}]}