Synaptics CSO Sells 15,954 Shares for $1.8 Million to Cover Tax Withholding

1 articles · Updated · Yahoo Finance · Aug 23

$1.8 million of Synaptics stock was sold by Chief Strategy Officer Satish Ganesan on Aug. 17 in a non-discretionary transaction covering 15,954 shares, according to an SEC Form 4 filing.
The sale was triggered by tax withholding needs after 45,910 shares vested the same day, indicating an automated disposition rather than a shift in his view of the company.
Ganesan still directly holds 87,682 shares worth about $9.7 million based on the Aug. 17 closing price of $110.58.
Synaptics, a $4.1 billion semiconductor company, has returned 40% over the past 12 months even as it reported trailing-12-month net income of negative $490.8 million on $1.2 billion in revenue.