Form 4: Synaptics Executive Vikram Gupta Reports Stock Transaction
SEC Filing
Vikram Gupta, a Synaptics executive, reported the disposal of 598 common stock shares to cover tax obligations, leaving him with 31,352 shares.
Summary
- On May 17, 2024, Vikram Gupta, SVP & GM, IoT/Processors, and Chief Product Officer at Synaptics Inc., reported a transaction involving the company's common stock.
- Gupta disposed of 598 shares of common stock at a price of $94.48.
- This disposal was to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Gupta beneficially owns 31,352 shares of Synaptics common stock, which includes 103 shares acquired under the Issuer's Employee Stock Purchase Plan on March 15, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a Synaptics executive disposed of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Gupta acquired 103 shares under the Employee Stock Purchase Plan. |
| 05/17/2024 | Date of the reported stock transaction where 598 shares were disposed of. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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