Form 4: Synaptics CFO Ken Rizvi Acquires 24,030 Shares of Common Stock

Ken Rizvi, CFO of Synaptics Inc., acquired 24,030 shares of common stock on August 17, 2024, as part of a restricted stock unit vesting schedule.

Summary

• On August 17, 2024, Ken Rizvi, the Senior Vice President and Chief Financial Officer of Synaptics Inc., acquired 24,030 shares of common stock.
• The acquisition was part of a restricted stock unit award.
• One-third of the restricted stock units will vest on August 17, 2025, and one-twelfth will vest quarterly thereafter, until fully vested on August 17, 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, which is generally viewed favorably as it aligns management interests with shareholders.

Positives

• The acquisition of shares by a key executive could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule indicates a long-term incentive plan for the CFO, aligning his interests with the company's performance over the next three years.

Industry Context

Executive stock ownership is a common practice in the tech industry to align management's interests with those of shareholders. Vesting schedules are designed to incentivize long-term performance and retention.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded technology companies like Synaptics.
• Companies such as Texas Instruments, Analog Devices, and Qualcomm also utilize restricted stock units as part of their executive compensation packages.
• The vesting schedules are typically between 3 to 5 years, which is in line with Synaptics' 3-year vesting period.

Stakeholder Impact

• Shareholders may view the stock acquisition as a positive sign of management's confidence in the company.
• Employees may see it as a sign of stability and commitment from the executive leadership.

Key Dates