Form 4: Synaptics CFO Ken Rizvi Granted Over 21,000 Restricted Stock Units

Ken Rizvi, Senior Vice President, Chief Financial Officer, and Interim Chief Executive Officer of Synaptics Inc., was granted 21,157 shares of common stock in the form of restricted stock units.

Summary

• Ken Rizvi, holding roles as Senior Vice President, Chief Financial Officer, and Interim Chief Executive Officer at Synaptics Inc. (SYNA), acquired 21,157 shares of common stock.
• The acquisition occurred on May 22, 2025, and was a grant of restricted stock units (RSUs) with a reported price of $0 per share.
• These restricted stock units are scheduled to vest in four equal quarterly installments.
• Following this transaction, Ken Rizvi beneficially owns a total of 70,641 shares of Synaptics common stock.
• A Limited Power of Attorney was executed on April 29, 2025, authorizing Pamela Fields, Lisa Bodensteiner, and NeeChu Mei to handle Section 16 reporting obligations for Ken Rizvi.

Sentiment

Score: 7

Explanation: The document reports a standard executive equity grant, which is generally positive as it aligns management incentives with shareholder interests. There are no negative financial implications or risks disclosed beyond the inherent market risk of equity ownership.

Positives

• The grant of 21,157 restricted stock units to a key executive like Ken Rizvi aligns management's interests with those of shareholders, incentivizing long-term performance.
• The vesting schedule over four equal quarterly installments suggests a commitment to retaining the executive and motivating sustained performance.

Risks

• The value of the granted restricted stock units is subject to the future performance of Synaptics' stock price, posing a market risk to the executive's compensation.

Future Outlook

The restricted stock units granted to Ken Rizvi are set to vest in four equal quarterly installments, indicating future equity compensation milestones.

Management Comments

• The reporting person is Senior Vice President, Chief Financial Officer, and Interim Chief Executive Officer.

Industry Context

The grant of restricted stock units is a common form of executive compensation in the technology and semiconductor industry, used to attract, retain, and incentivize key management personnel by aligning their financial interests with the company's long-term performance.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a compensation mechanism is standard practice across the technology sector, comparable to practices at companies like Qualcomm, Broadcom, and NVIDIA, which frequently use equity grants to incentivize executives.
• The vesting schedule, typically over several years, is also consistent with industry norms designed to promote long-term commitment and performance from executives.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a key executive like Ken Rizvi aligns his financial incentives with the long-term performance of the company, potentially benefiting shareholders through improved company value.
• Employees: While not directly impacting all employees, executive compensation structures can influence overall company culture and compensation philosophies.

Next Steps

• The restricted stock units will vest in four equal quarterly installments, leading to future share issuances to Ken Rizvi upon each vesting date.

Key Dates

Keywords

Synaptics, SYNA, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Executive Compensation, Ken Rizvi, CFO, CEO, Stock Ownership