Form 4: Synaptics Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Esther Song, a Vice President at Synaptics Inc., reports the acquisition and disposal of company stock related to vesting of performance stock units and tax obligations.
Summary
- On May 17, 2024, Esther Song, Vice President and Corporate Controller of Synaptics Inc., reported transactions involving the company's common stock.
- Song acquired 90 shares of common stock at $0 related to the vesting of performance stock units granted on August 17, 2021.
- Additionally, 124 shares were disposed of at a price of $94.48 to cover tax withholding obligations associated with the vesting of performance stock units and restricted stock units.
- Following these transactions, Song beneficially owns 9,192 shares of Synaptics Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of unusual or concerning activity.
Positives
- The vesting of performance stock units indicates that performance targets were met, which is a positive sign for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 17, 2021 | Date of grant for performance stock units that vested on May 17, 2024. |
| May 17, 2024 | Date of the reported stock transactions (acquisition and disposal). |
| May 21, 2024 | Date of signature on the Form 4 filing. |
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