Synaptics (NASDAQ: SYNA) removes 4,108 unearned units from exec stake
Rhea-AI Filing Summary
SYNAPTICS Inc (SYNA) reports an amended ownership statement for senior executive Satish Ganesan. The amendment corrects his beneficially owned Common Stock holdings to 95,973 shares following removal of 4,108 performance stock units that had been inadvertently included. The company states those performance stock units 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
Ganesan Satish
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 95,973 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 4,108 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
Beneficially owned Common Stock: 95,973 shares
Performance stock units removed: 4,108 units
Holding entries in this amendment: 1
3 metrics
Beneficially owned Common Stock
95,973 shares
Amount of securities beneficially owned following the correction
Performance stock units removed
4,108 units
Units inadvertently included previously and removed because performance goals were not achieved
Holding entries in this amendment
1
Number of holding-type entries reported
Key Terms
performance stock units, beneficially owned, administrative error
3 terms
performance stock units financial
"remove 4,108 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 does the Form 4/A filing report for SYNAPTICS Inc (SYNA)?
It reports an amended ownership position for executive Satish Ganesan. His beneficially owned Common Stock is corrected to 95,973 shares after removing certain performance stock units that were not earned under the applicable performance goals.
What error is corrected by this SYNAPTICS Inc (SYNA) Form 4/A?
The amendment corrects an administrative error in prior filings. Those filings had included 4,108 performance stock units that should not have been counted because the related performance goals were not achieved, so the units were never earned.
Who is the insider involved in this SYNAPTICS Inc (SYNA) Form 4/A filing?
The reporting person is Satish Ganesan, Senior Vice President, General Manager Edge Interface & Sensing Division, and Chief Strategy Officer of SYNAPTICS Inc. The filing updates only his reported beneficial ownership of Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.