Synaptics (SYNA) CEO Rahul Patel Receives Awards, Sells Shares

What Happened

• Rahul G. Patel, President and Chief Executive Officer of Synaptics (SYNA), received two awards on 2026-08-17 totaling 119,501 shares (33,927 + 85,574) as restricted/performance stock units (awarded at $0.00).
• On the same day, 15,302 shares were withheld by the issuer to satisfy tax-withholding obligations at an indicated value of $110.58 per share (15,302 x $110.58 = $1,692,095).
• Two days later (2026-08-19) Patel sold 2,276 shares in an open-market transaction at $105.39 per share for $239,868; the sale was made under a pre-established 10b5-1 trading plan.

Key Details

• Award dates/prices: 2026-08-17 — 33,927 and 85,574 shares granted @ $0.00.
• Tax withholding: 2026-08-17 — 15,302 shares withheld @ $110.58 = $1,692,095 (issuer withheld to cover taxes).
• Open-market sale: 2026-08-19 — 2,276 shares sold @ $105.39 = $239,868 (pursuant to 10b5-1 plan dated 2025-09-04).
• Implied net issuance: filing shows 119,501 awards less 15,302 withheld → 104,199 net shares issued on settlement; 2,276 of those were sold two days later (leaving the remainder reported in the filing).
• Shares owned after the transactions: not specified in the excerpt of the filing.
• Notable footnotes: F1 = RSU vesting schedule (one‑third on 1st anniversary, then quarterly to Aug 17, 2029); F2 = earned performance stock units; F3 = shares withheld for tax obligations; F4 = 10b5‑1 plan used for sale.
• Filing timeliness: filing indicated late (transactionTimeliness = 'L').

Context

• These were compensation awards (RSUs/PSUs), not open-market purchases — awards are common executive pay. The tax-withholding was handled by withholding shares (a cashless-type settlement), and a small portion of shares was sold under a pre-set 10b5-1 plan, which is typically used to avoid timing concerns.
• For retail investors: awards increase insider exposure but are routine compensation; sales under 10b5-1 and tax-withholding are also common and do not necessarily signal a change in the insider’s view of the company. The filing was marked late, which affects timely transparency.