Synaptics' CFO Disposed of Stock as an 88%-12% OnSemi Ownership Split Takes Shape. Here's What to Know
This withholding was automatic and tied to tax obligations from equity award vesting, not a discretionary sale.
Overview
Ken Rizvi, the chief financial officer of Synaptics Incorporated (NASDAQ:SYNA), reported the disposition of 17,251 shares on August 17, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($110.58); post-transaction value based on the August 17 market close ($110.58).
Details
Synaptics Incorporated is a global semiconductor solutions provider with a market capitalization of $4.1 billion, employing 1,700 professionals from its San Jose headquarters. The company specializes in human-machine interface and connectivity technologies that enhance user experience across diverse consumer and computing platforms. With TTM revenue of $1.2 billion, Synaptics maintains a strategic focus on audio, video, and connectivity solutions while navigating near-term profitability challenges in a competitive semiconductor landscape.
Source
Originally published at www.fool.com.