Synaptics CFO Sells 17,251 Shares Worth $1.9 Million to Cover Tax Liabilities
Updated
Updated · Yahoo Finance · Aug 23
Synaptics CFO Sells 17,251 Shares Worth $1.9 Million to Cover Tax Liabilities
1 articles · Updated · Yahoo Finance · Aug 23
Summary
Ken Rizvi reported disposing of 17,251 Synaptics shares on Aug. 17 in an SEC Form 4 filing, with the transaction valued at about $1.9 million.
The shares were withheld by the company to satisfy tax obligations tied to the vesting of restricted, performance and market stock units, making the sale non-discretionary.
Rizvi still directly held 134,365 shares after the transaction, a stake valued at about $14.86 million based on the filing's $110.58 weighted average sale price.
Synaptics, a San Jose-based fabless semiconductor company, has a $4.1 billion market value, 1,700 employees, $1.2 billion in trailing-12-month revenue and a $490.8 million net loss.