SYNA Form 4: Gupta Granted RSUs and Performance Units; Tax Withholding Sale
Rhea-AI Filing Summary
Vikram Gupta, Senior Vice President & General Manager, IoT/Processors, and Chief Product Officer at Synaptics Inc (SYNA), reported transactions dated 08/17/2025. The filing shows acquisition of 25,723 restricted stock units that vest over three years starting August 17, 2025, an additional 19,142 earned performance/market stock units, and a disposition of 7,552 shares at $66.80 which the issuer withheld to satisfy tax withholding obligations.
The filing also states the reporting person beneficially owns 92,506 and 111,648 shares as reflected after certain grants, and notes that performance stock units granted in 2023 were certified as achieved in 2024 but remain subject to time-based vesting. The form is signed by an attorney-in-fact on behalf of the reporting person on 08/19/2025.
Positive
- Receipt of restricted stock units (25,723) with a clear vesting schedule supports executive retention
- Performance stock units certified as achieved in 2024 indicate target attainment for prior grants
Negative
- 7,552 shares disposed at $66.80 were withheld to satisfy tax obligations, reducing immediate share ownership
- Some earned performance units remain subject to time-based vesting, so full ownership is not yet realized
Insights
TL;DR: Routine executive compensation vesting and tax-withholding sale; no indication of market-moving disposition beyond withholding.
The Form 4 discloses time-based restricted stock units and earned performance units for a senior product executive, with standard vesting schedules and a reported share disposition of 7,552 shares at $66.80 which is explicitly described as withheld to cover tax obligations. The filing does not disclose any open-market sales or purchases beyond the issuer-initiated withholding and standard grant vesting mechanics, so its direct market impact is likely limited and consistent with compensation-related activity.
TL;DR: Disclosure aligns with typical equity compensation practices and required SEC reporting; documentation is complete for the events disclosed.
The report provides the necessary details: transaction dates, grant amounts, vesting schedule for the restricted stock units, and an explanation that certain 2023 performance awards were certified in 2024 but remain subject to time-based vesting. The form is properly signed by an attorney-in-fact. There are no indications of unusual related-party transactions or governance concerns within the disclosed items.