Form 4: Synaptics Executive Gupta Reports Stock Transactions

Vikram Gupta, a Synaptics executive, reported the acquisition and disposal of company stock, including shares from vested stock units and shares withheld for tax obligations.

Summary

• Vikram Gupta, Senior Vice President & General Manager, IoT/Processors and Chief Product Officer at Synaptics Inc, filed a Form 4 detailing changes in beneficial ownership.
• On August 17, 2024, Gupta acquired 18,162 shares of common stock related to restricted stock units and 5,551 shares related to the vesting of performance and market stock units.
• Also on August 17, 2024, 5,624 shares were withheld by Synaptics to cover tax obligations at a price of $76.38 per share.
• Following these transactions, Gupta directly owns 48,667 shares of Synaptics common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.

Positives

• The vesting of stock units indicates that Gupta is meeting performance metrics.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and performance incentives.

Comparison to Industry Standards

• Stock-based compensation is a standard practice in the technology industry to attract and retain talent.
• Companies like Qualcomm, Broadcom, and MediaTek also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and terms of these grants are typically aligned with industry benchmarks to ensure competitiveness.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates