Synaptics' Top Lawyer Sold Stock as a $7 Billion Merger Moves Toward Closing. Here's What to Know
This disposition follows the vesting of 41,734 shares and includes 14,218 shares withheld for taxes.
Overview
Lisa Bodensteiner, the chief legal officer at Synaptics Incorporated (NASDAQ:SYNA), reported a sale of 20,274 shares of common stock in a transaction disclosed on August 19, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($108.50); post-transaction value based on the August 18 market close ($104.83).
Details
Synaptics Incorporated is a global semiconductor solutions provider headquartered in San Jose, California, with approximately 1,700 employees. The company has generated $1.2 billion in TTM revenue while investing significantly in research and development to maintain competitive positioning in human-machine interface and connectivity technologies. With a market capitalization of $4.1 billion and a roughly 50% one-year share price appreciation, Synaptics demonstrates investor confidence in its technology platform and market opportunity despite near-term profitability pressures.
Source
Originally published at www.fool.com.