Synaptics CEO Sells Shares Amid Core IoT Sales Growth
Rahul G. Patel, CEO of Synaptics (SYNA), sold $2.8 million worth of shares in a recent SEC filing, with the majority attributed to non-discretionary tax withholding from restricted stock units. The company reported core Internet of Things sales growth of 31%. Despite the insider sale, Patel retains significant ownership in the firm.
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