Synaptics' Chief Strategy Officer Disposed of Stock as 45,910 Shares Vested. Here's What to Know.
These shares were withheld automatically to cover tax obligations from equity vesting, so they did not reflect a discretionary sale.
Overview
Satish Ganesan, chief strategy officer at Synaptics Incorporated (NASDAQ:SYNA), disposed of 15,954 shares on August 17 in a non-discretionary transaction valued at $1.8 million, 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.