Synaptics' Chief Strategy Officer Disposed of Stock as 45,910 Shares Vested. Here's What to Know.
These shares were withheld automatically to cover tax obligations from equity vesting, so they did not reflect a discretionary sale.
Satish Ganesan, the chief strategy officer at Synaptics Incorporated, sold 15,954 shares of the company's stock on August 17, according to a recent SEC Form 4 filing. The transaction, which was non-discretionary, was valued at $1.8 million based on a weighted average sale price of $110.58 per share. Synaptics Incorporated, a global semiconductor solutions provider, reported a market capitalization of $4.1 billion and employs 1,700 professionals at its headquarters in San Jose.
The company focuses on human-machine interface and connectivity technologies, enhancing user experiences across various consumer and computing platforms. In its trailing twelve months (TTM), Synaptics generated $1.2 billion in revenue. The semiconductor industry faces challenges in maintaining near-term profitability, and Synaptics is navigating these issues while prioritizing its core audio, video, and connectivity solutions.
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