Synaptics Inc. DEF 14A: Executive Comp & Equity Awards

Ticker: SYNA · Form: DEF 14A · Filed: Sep 12, 2024 · CIK: 817720

Synaptics Inc DEF 14A Filing Summary
FieldDetail
CompanySynaptics Inc (SYNA)
Form TypeDEF 14A
Filed DateSep 12, 2024
Risk Levellow
Pages15
Reading Time17 min
Key Dollar Amounts$16.0 million, $11.4 m
Sentimentneutral

Sentiment: neutral

Topics: executive-compensation, proxy-statement, equity-awards, corporate-governance

Related Tickers: SYNA

TL;DR

Synaptics DEF 14A out: Executive pay details and equity award valuations for FY24 are in. Check out the numbers.

AI Summary

Synaptics Inc. filed a DEF 14A on September 12, 2024, for the fiscal year ending June 26, 2024. The filing details executive compensation and other corporate governance matters. Key financial data related to equity awards granted and vested during fiscal years 2020-2023 are presented, including changes in fair value for both PEO and Non-PEO members.

Why It Matters

This filing provides transparency into how Synaptics Inc. compensates its top executives and the valuation of equity awards, which can impact investor sentiment and corporate governance.

Risk Assessment

Risk Level: low — This filing is a routine DEF 14A, primarily detailing executive compensation and corporate governance, which typically carries a low inherent risk.

Key Numbers

  • FY2020-2023 — Fiscal Years Covered (Data on equity awards and their fair value changes are presented for these years.)

Key Players & Entities

  • SYNAPTICS Inc (company) — Filer
  • 0000817720 (company) — Central Index Key
  • 20240912 (date) — Filing Date
  • 20241029 (date) — Period of Report
  • 0626 (date) — Fiscal Year End

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, like this one from Synaptics Inc., is used to solicit proxies from shareholders for an upcoming annual meeting and provides detailed information on executive compensation, board of directors, and other corporate governance matters.

When is Synaptics Inc.'s fiscal year end?

Synaptics Inc.'s fiscal year ends on June 26th, as indicated by the filing for the period ending June 26, 2024.

What specific financial data related to compensation is detailed in this filing?

The filing details various aspects of equity awards, including the change in fair value of awards granted in prior years that vested during the year, year-end fair value of unvested awards, and year-over-year changes in fair value for both PEO and Non-PEO members.

Who are the key individuals or groups whose compensation data is presented?

The filing distinguishes between 'PeoMember' (likely Principal Executive Officer) and 'NonPeoNeoMember' (likely Non-Principal Executive Officer, Non-Executive Officer) for the breakdown of equity award valuations.

What is the filing date and period of report for this DEF 14A?

This DEF 14A filing was made on September 12, 2024, and the period of report is for the fiscal year ending October 29, 2024, though the core financial data pertains to the fiscal year ending June 26, 2024.

Filing Stats: 4,356 words · 17 min read · ~15 pages · Grade level 17.4 · Accepted 2024-09-11 19:19:44

Key Financial Figures

  • $16.0 million — ensation opportunity for Fiscal 2024 is $16.0 million (1) . The Compensation Committee made F
  • $11.4 m — 025 target total direct compensation at $11.4 million, or 30% below Fiscal 2024 and 5%

Filing Documents

Forward-Looking Statements

Forward-Looking Statements This Proxy Statement contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended (the " Securities Act "), and the Securities Exchange Act of 1934, as amended (the " Exchange Act "). Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our most recent Annual Report on Form 10-K and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this

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