SYNA insider filing shows RSU grants and tax-withholding sale of 7,809 shares
Rhea-AI Filing Summary
Synaptics Inc (SYNA) insider filing from Senior VP & Chief Strategy Officer Ganesan Satish shows stock-based compensation vesting and routine withholding. On 08/17/2025 Mr. Satish had 24,604 restricted stock units granted (vesting beginning 08/17/2026 through 08/17/2028). The filing reflects 18,843 earned performance and market units and a disposition of 7,809 shares withheld to cover taxes at $66.80 per share. Following the reported transactions, disclosed beneficial ownership totals range by line to 100,081 to 107,890 shares depending on instrument treatment. The report is a Section 16 Form 4 disclosure of changes in beneficial ownership.
Positive
- Time- and performance-based equity grants align executive compensation with long-term service and performance
- Disclosure of vesting schedule provides transparency on when shares may settle (vesting to 08/17/2028)
Negative
- Shares withheld for taxes (7,809 at $66.80) reduced the reporting person's direct holdings
- Some awarded performance units remain subject to service vesting and are not yet settled as shares
Insights
TL;DR: Filing shows time- and performance-based equity vesting with modest share withholding for taxes, a routine insider compensation event.
The transactions disclosed are primarily non-cash stock compensation actions: grant/vesting of restricted stock units and recognition of earned performance/market units, which increase potential future share settlement. The single cash-related line is shares withheld (7,809) at $66.80 to satisfy tax obligations, reducing outstanding share count for the reporting person but not indicating open-market selling for liquidity. Overall, these entries affect insider alignment with shareholder outcomes but are standard executive compensation mechanics rather than market-moving trades.
TL;DR: Disclosure aligns with standard Section 16 reporting for executive equity awards and tax withholding; governance signals are routine.
The report specifies award structure: one-third of RSUs vest after one year with quarterly vesting thereafter to 08/17/2028, and previously earned performance units remain subject to service vesting prior to settlement. The clear vesting schedule and the attorney-in-fact signature indicate formal compliance with disclosure rules. No departures, option exercises for cash, or unusual transfers are shown, supporting a neutral governance assessment focused on standard retention incentives.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,604 | $0.00 | -- |
| Grant/Award | Common Stock | 18,843 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,809 | $66.80 | $522K |
Footnotes (1)
- One-third of the total number of restricted stock units shall vest on the first anniversary date following the vesting commencement date of August 17, 2025, and one-twelfth of the total number of restricted stock units shall vest each quarter thereafter until fully vested on August 17, 2028. Amount of Securities Beneficially Owned reflects 535 performance stock units on August 17, 2022 and 3,908 performance stock units granted on August 17, 2023, for which the applicable performance goals were certified as achieved in 2023 and 2024, respectively. These earned units remain subject to time-based vesting conditions and are expected to settle in shares of the Issuers stock when applicable service-based vesting requirements are satisfied. The original grants that were awarded on August 17, 2023 were disclosed in the Issuers Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on September 12, 2024. Reflects earned performance stock units and market stock units. Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of restricted stock units, performance stock units and market stock units.