Synaptics (SYNA) officer has 2,853 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synaptics Inc. officer Ken Rizvi reported a routine tax-related share disposition. On settlement of restricted stock units, the issuer withheld 2,853 shares of common stock at $143.69 per share to cover tax obligations. After this non‑market transaction, Rizvi directly holds 105,890 Synaptics shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rizvi Ken
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,853 | $143.69 | $410K |
Holdings After Transaction:
Common Stock — 105,890 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,853 shares
Withholding price: $143.69 per share
Shares held after transaction: 105,890 shares
3 metrics
Shares withheld for taxes
2,853 shares
Withheld to satisfy tax obligations on RSU settlement
Withholding price
$143.69 per share
Value used for withheld common shares
Shares held after transaction
105,890 shares
Direct Synaptics holdings following tax withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"associated with the settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy certain tax withholding obligations associated with the settlement"
Form 4 regulatory
"Ken Rizvi reported a routine tax-related share disposition in this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Synaptics (SYNA) officer Ken Rizvi report in this Form 4?
Ken Rizvi reported a tax-related share disposition, not an open-market trade. 2,853 Synaptics common shares were withheld by the company to satisfy tax obligations from restricted stock unit settlement, leaving him with 105,890 directly held shares afterward.
Was Ken Rizvi’s Synaptics (SYNA) Form 4 a stock sale on the market?
No, the Form 4 reflects tax withholding, not a market sale. Synaptics withheld 2,853 shares to cover tax obligations tied to restricted stock units, meaning Rizvi did not actively sell shares into the open market in this transaction.
What does the footnote in Ken Rizvi’s Synaptics (SYNA) Form 4 explain?
The footnote explains that the 2,853 shares represent stock withheld by Synaptics to satisfy tax withholding obligations. These obligations arose from the settlement of restricted stock units, clarifying the transaction is compensation-related, not a discretionary stock sale.