Synaptics (NASDAQ: SYNA) trims Gupta holdings after error
Rhea-AI Filing Summary
SYNAPTICS Inc (SYNA) reports an amended ownership statement for officer Vikram Gupta. The amendment corrects the amount of securities beneficially owned to 98,431 shares of Common Stock, removing 5,665 performance stock units that had been inadvertently included and were not earned because the applicable performance goals were not achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gupta Vikram
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 98,431 shares (Direct)
Footnotes (1)
- F1. This amendment corrects the Amount of Securities Beneficially Owned as shown on the Form 4 filed by the reporting person on August 19, 2025 and subsequent filings to remove 5,665 performance stock units that were inadvertently included due to an administrative error. The performance stock units were not earned because the applicable performance goals were not achieved.
Key Figures
Shares beneficially owned after correction: 98,431 shares of Common Stock
Performance stock units removed: 5,665 performance stock units
Holding entries in this amendment: 1 holding entry
3 metrics
Shares beneficially owned after correction
98,431 shares of Common Stock
Amount of securities beneficially owned by Vikram Gupta following the amendment
Performance stock units removed
5,665 performance stock units
Units inadvertently included in prior filings and removed because performance goals were not achieved
Holding entries in this amendment
1 holding entry
Number of non-transactional holding records summarized in the Form 4/A data
Key Terms
performance stock units, beneficially owned, administrative error
3 terms
performance stock units financial
"remove 5,665 performance stock units that were inadvertently included"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
beneficially owned financial
"corrects the Amount of Securities Beneficially Owned as shown"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
administrative error financial
"were inadvertently included due to an administrative error"
FAQ
What did Synaptics (SYNA) correct in Vikram Gupta’s Form 4/A filing?
Synaptics corrected Vikram Gupta’s reported ownership to reflect only 98,431 shares of Common Stock, removing 5,665 performance stock units. Those units were previously included due to an administrative error and were not earned because required performance goals were not achieved.
What happened to the 5,665 performance stock units in the Synaptics (SYNA) Form 4/A?
The filing states that 5,665 performance stock units were removed from Vikram Gupta’s reported holdings. These units were not earned since the applicable performance goals were not achieved and had been included previously due to an administrative error.
Does the Synaptics (SYNA) Form 4/A report any new stock purchases or sales by Vikram Gupta?
The amendment does not report new purchases or sales of Synaptics stock by Vikram Gupta. It instead corrects the reported amount of securities beneficially owned by excluding 5,665 unearned performance stock units that had been mistakenly included earlier.
Why did Synaptics (SYNA) file an amended Form 4/A for Vikram Gupta?
The amended Form 4/A was filed to correct an administrative error in prior reports. Earlier filings had included 5,665 performance stock units that were not earned, and the amendment updates Vikram Gupta’s beneficial ownership to 98,431 shares of Common Stock.
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