Form 4: Synaptics Executive Gupta Reports Stock Transactions Following Vesting

Synaptics executive Vikram Gupta acquired 96 shares of common stock and disposed of 1,312 shares to cover tax obligations related to vesting performance stock units.

Summary

• Vikram Gupta, a Senior Vice President & General Manager and Chief Product Officer at Synaptics, reported transactions involving the company's common stock.
• On November 17, 2024, Gupta acquired 96 shares of common stock as part of vesting performance stock units.
• On the same day, 1,312 shares were disposed of to cover tax withholding obligations related to the vesting of performance stock units and restricted stock units.
• The price of the disposed shares was $74.64.
• Following these transactions, Gupta beneficially owns 42,029 shares of Synaptics common stock.

Sentiment

Score: 5

Explanation: The document reflects routine stock transactions related to executive compensation, which is neither positive nor negative from an investment perspective.

Management Comments

• The reporting person is Senior Vice President & General Manager, IoT/Processors, and Chief Product Officer.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any specific trend or event in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The vesting of stock units and subsequent tax withholding are common compensation practices for executives in the technology sector.
• Similar filings can be seen from executives at comparable companies such as Texas Instruments, Analog Devices, and Qualcomm.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of Synaptics.
• The transactions are part of the executive compensation plan and are not expected to have a significant impact on shareholders.

Key Dates

Keywords

Synaptics, stock transaction, insider trading, Form 4, vesting, performance stock units, tax withholding, equity securities