Synaptics (SYNA) CLO & SVP Lisa Bodensteiner Sells Shares

What Happened

• Lisa Bodensteiner, Senior Vice President, Chief Legal Officer and Corporate Secretary of Synaptics (SYNA), had equity activity on Aug 17–18, 2026 that included awards, tax-withholding on vested equity, and open-market sales.
  • Awards: Received 13,189 and 28,545 restricted/performance/market stock units on Aug 17, 2026 (total 41,734 units) at $0.00 (grant).
  • Tax withholding: 14,218 shares were withheld/disposed on Aug 17, 2026 to satisfy tax obligations related to settlement of restricted stock units, performance stock units and market stock units at a reported price of $110.58, value $1,572,226 (footnote indicates shares withheld by issuer).
  • Open-market sales: On Aug 18, 2026 she sold 1,700 shares @ $102.54 ($174,318), 2,200 shares @ $103.47 ($227,634), and 2,156 shares @ $104.63 ($225,582) — total 6,056 shares for ~$627,534. These sales were made pursuant to a 10b5-1 trading plan (dated Sept 9, 2025).

Key Details

• Transaction dates & prices:
  • Aug 17, 2026: Grants of 13,189 and 28,545 RSUs/PSUs/MSUs (A) at $0.00.
  • Aug 17, 2026: 14,218 shares withheld/disposed (F) at $110.58 (tax withholding) — $1,572,226.
  • Aug 18, 2026: Open-market sales (S) totaling 6,056 shares for ~$627,534; weighted-average price ranges reported in filing (approx. $102.05–$104.90 across transactions; see footnotes F5–F7).
• Shares owned after transaction: Not specified in the provided excerpt — see the filed Form 4 for total holdings.
• Notable footnotes:
  • F1: RSU vesting schedule (one-third after 1 year, then quarterly to Aug 17, 2029).
  • F2/F3: Awards reflect performance & market stock units; F3 confirms shares were withheld to cover tax withholding.
  • F4: Open-market sales executed under a 10b5-1 trading plan (Sept 9, 2025).
  • F5–F7: Reported prices for sales are weighted averages across multiple trades; detailed per-price breakdown available on request.
• Timeliness: Form filed Aug 19, 2026 for transactions on Aug 17–18 — appears filed within the normal Form 4 reporting window.

Context

• This filing combines an equity grant (award) and routine sell-side activity. The 14,218-share disposition was a tax-withholding event tied to equity settlement (not an option exercise for cash), while the 6,056-share disposals were planned sales under a 10b5-1 plan.
• Common interpretations for retail investors: awards and tax-withholding are administrative/compensation events; sales under a pre-existing 10b5-1 plan are typically pre-scheduled and not necessarily a fresh signal about the insider’s view of the company.
• Transaction code quick guide: A = Award/Grant, F = Payment of exercise price or tax liability (withholding), S = Sale.