Synaptics Senior Vice President Lisa Bodensteiner sold 1,502 shares for approximately $172,000, according to an SEC filing. Of the total, 1,052 shares were withheld to cover tax obligations on restricted stock units, while 450 shares were sold under a prearranged Rule 10b5-1 trading plan. The transactions reduced her direct holdings by 2% to 60,487 shares. The stock has returned 72% over the past year, and the company recently reported fiscal third-quarter revenue of $294.2 million with non-GAAP earnings per share of $1.09.
Synaptics IncorporatedInsider sale mostly for tax withholding and prearranged plan, not a signal of negative outlook; stock has performed well.