SYNA — CEO Appointment of Rahul Patel
Jun 2, 2025, 12:00:00 AM UTC
Summary
Synaptics Incorporated appointed Rahul Patel as the successor Chief Executive Officer, effective on or before June 2, 2025. The appointment follows the resignation of the previous CEO and the interim leadership of Chief Financial Officer Ken Rizvi. This transition is aimed at maintaining leadership stability and ensuring continuity in business operations. In response to his interim role, Rizvi received a retention equity award of 21,157 restricted stock units to incentivize his continued involvement with the company, which will vest in installments during his ongoing employment. Patel's leadership is expected to shape the company's future direction, though specific strategic initiatives or financial implications were not detailed at this time.
Company
SYNAPTICS INC (SYNA)NASDAQ — Technology: Manufacturing, Semiconductors: Semiconductors & Related Devices
www.synaptics.comSimilar Events
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On July 17, 2025, Synaptics Incorporated will grant equity awards to Rahul Patel, including Restricted Stock Units (RSUs), Market Stock Units (MSUs), Performance Stock Units (PSUs), and a supplemental equity award. The total compensation package for Patel, who was recently appointed as President and CEO, includes equity awards valued at $10 million and an additional $5 million in RSUs to compensate for forfeited Qualcomm equity. The RSUs will vest over three years, while the PSUs and MSUs have performance-based and cliff vesting schedules, respectively. This move aligns with company strategy post-CEO transition following the appointment of Mr. Patel, who brings extensive experience from Qualcomm. Patel's base salary is $800,000 with an incentive bonus target of 125% of his salary.
Equity Compensation