Form 4: Synaptics CEO Rahul Patel Granted Over 130,000 Restricted Stock Units

Synaptics Inc. disclosed that President and CEO Rahul G. Patel was granted 130,965 restricted stock units (RSUs) on July 17, 2025, aligning his long-term incentives with shareholder value.

Summary

• Rahul G. Patel, President and Chief Executive Officer of Synaptics Inc. (SYNA), was granted a total of 130,965 shares of common stock in the form of Restricted Stock Units (RSUs) on July 17, 2025.
• The first award consists of 52,386 RSUs, with one-third vesting on July 17, 2026, and the remaining two-thirds vesting in eight equal quarterly installments of 8.33% each, from October 17, 2026, through July 17, 2028.
• A supplemental award of 78,579 RSUs was granted in connection with Mr. Patel's commencement of employment, intended to replace equity awards forfeited from his prior employer.
• This supplemental award vests 25% on December 17, 2025, another 25% on July 17, 2026, and the remaining 50% in eight equal quarterly installments of 6.25% each, from October 17, 2026, through June 17, 2028.
• All vesting for both RSU awards is contingent upon Mr. Patel's continued employment with Synaptics Inc.

Sentiment

Score: 8

Explanation: The significant RSU grants to the President and CEO, including a supplemental award to compensate for forfeited equity, demonstrate a strong commitment to retaining top leadership and aligning executive incentives with long-term shareholder value.

Positives

• Significant equity grant to the President and CEO, Rahul G. Patel, totaling 130,965 Restricted Stock Units (RSUs), which aligns management's long-term interests with those of shareholders.
• The supplemental RSU award of 78,579 units helps compensate the CEO for equity forfeited from a previous employer, potentially enhancing retention and commitment.
• The multi-year vesting schedules for both RSU awards (extending through July 2028 and June 2028 respectively) incentivize long-term performance and stability in leadership.

Future Outlook

The vesting schedules for the RSU awards extend through mid-2028, indicating a long-term commitment from the CEO and a strategic outlook for his tenure with Synaptics Inc.

Management Comments

• The reporting person is President and Chief Executive Officer.
• This supplemental award of RSUs was granted on the Grant Date in connection with the reporting person's commencement of employment with the Issuer and is intended to replace equity awards forfeited upon leaving the reporting person's prior employer.

Industry Context

Synaptics Inc. operates in the technology sector, specializing in human interface solutions. The granting of significant equity awards to a CEO is a common practice in the tech industry to attract and retain top talent, aligning their interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• The structure of RSU grants with multi-year vesting schedules is a standard practice for executive compensation in the technology industry, aiming to incentivize long-term performance and retention.
• The provision of a supplemental award to compensate for forfeited equity from a prior employer is also a common competitive practice to attract high-caliber executives, particularly in sectors with high demand for leadership talent like semiconductors and human interface technology.

Management Changes

Stakeholder Impact

• Shareholders: The RSU grants align the CEO's financial interests with long-term shareholder value, potentially leading to more stable and growth-oriented leadership.
• Employees: A stable and incentivized CEO can provide clear direction and foster a positive work environment.
• Customers/Suppliers: Stable leadership can lead to consistent business strategies and relationships.

Next Steps

• Continued employment of Rahul G. Patel with Synaptics Inc.
• Vesting of 52,386 RSUs according to the schedule: 1/3 on July 17, 2026, and remaining 2/3 in eight equal quarterly installments from October 17, 2026, through July 17, 2028.
• Vesting of 78,579 supplemental RSUs according to the schedule: 25% on December 17, 2025, 25% on July 17, 2026, and remaining 50% in eight equal quarterly installments from October 17, 2026, through June 17, 2028.

Key Dates

Keywords

Synaptics, SYNA, Form 4, SEC filing, insider transaction, restricted stock units, RSU, executive compensation, Rahul G. Patel, CEO, equity award, vesting, corporate governance