SYNA Form 4: Ken Rizvi Receives 27,214 RSUs and 48,060 PSUs; 12,935 Shares Withheld
Rhea-AI Filing Summary
Ken Rizvi, identified as Senior Vice President and Chief Financial Officer of Synaptics Inc (SYNA), reported transactions dated 08/17/2025. He was granted 27,214 restricted stock units that vest over three years beginning August 17, 2026, and 48,060 earned performance stock units. The filing also shows 12,935 shares disposed of at $66.80 per share, representing shares withheld by the issuer to satisfy tax withholding on the settlement of restricted and performance units. Following the reported transactions, the filing shows beneficial ownership figures noted as 97,855, 145,915, and 132,980 shares on the respective lines. The form was signed by Pamela Fields as attorney-in-fact on behalf of the reporting person.
Positive
- Receipt of time-based restricted stock units (27,214) for the CFO, with a clear vesting schedule through August 17, 2028
- Receipt of earned performance stock units (48,060), indicating achievement-based compensation
Negative
- 12,935 shares withheld at $66.80 per share to satisfy tax withholding, reducing the reporting person’s immediately available share count
Insights
TL;DR: These are routine compensation-related equity grants and tax-withholding transactions for the CFO, with limited immediate market impact.
The filing documents time-based restricted stock units (27,214) and earned performance stock units (48,060) granted on 08/17/2025, plus 12,935 shares withheld to satisfy tax obligations at $66.80 per share. The vesting schedule for the restricted units is explicitly stated: one-third vests at the first anniversary, then one-twelfth quarterly until fully vested on August 17, 2028. This pattern is typical of executive compensation and aligns incentives over multiple years; it does not represent open-market sales except for withholding to cover taxes.
TL;DR: The report reflects standard executive award mechanics and tax withholding; disclosure appears complete for a Form 4.
The Form 4 discloses the nature and quantities of awards and the explicit vesting schedule for the restricted stock units. The use of issuer withholding (12,935 shares at $66.80) to satisfy tax obligations is disclosed rather than an open-market sale, which is a common administrative practice. The filing identifies the reporting person’s role and includes an attorney-in-fact signature, meeting Form 4 procedural requirements.