Synaptics (SYNA) officer has 5,895 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SYNAPTICS Inc officer Ken Rizvi reported a tax-related share disposition. On settlement of restricted stock units, 5,895 shares of common stock were withheld by the company at $80.22 per share to cover tax withholding obligations, rather than sold on the open market.
After this tax-withholding event, Rizvi directly holds 111,984 shares of SYNAPTICS common stock, indicating he retains a substantial equity position following the restricted stock unit settlement.
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 | 5,895 | $80.22 | $473K |
Holdings After Transaction:
Common Stock — 111,984 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 5,895 shares
Withholding price per share: $80.22 per share
Shares held after transaction: 111,984 shares
3 metrics
Shares withheld for taxes
5,895 shares
Common stock withheld to satisfy RSU tax obligations
Withholding price per share
$80.22 per share
Value used for 5,895 withheld common shares
Shares held after transaction
111,984 shares
Direct SYNAPTICS common stock holding following tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities
4 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
"withheld by the Issuer to satisfy certain tax withholding obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What did SYNAPTICS (SYNA) officer Ken Rizvi report in this Form 4?
Ken Rizvi reported a tax-related share disposition. The company withheld 5,895 SYNAPTICS common shares at $80.22 each to satisfy tax obligations from restricted stock unit settlement, leaving him with 111,984 directly held shares afterward.
What does transaction code F mean in Ken Rizvi’s SYNAPTICS Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, 5,895 SYNAPTICS common shares were delivered to the issuer at $80.22 per share to pay tax liabilities from restricted stock unit settlement instead of being sold on the market.