NASDAQ — Technology: Manufacturing, Semiconductors: Semiconductors & Related Devices
www.synaptics.comOn 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