Synaptics Announces Inducement Grants for Dean Butler under Nasdaq Listing Rule 5635(c)(4)
SAN JOSE, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ: SYNA), (the “Company”), the leading developer of human interface solutions, today announced that effective October 21, 2019, the Board has granted Dean Butler, the Company’s newly-appointed Chief Financial Officer, equity awards under the Synaptics Incorporated 2019 Inducement Equity Plan (the “Inducement Plan”), used exclusively for the grant of equity awards to individuals who were not previously an employee or non-employee director of the Company (or following a bona fide period of non-employment) as an inducement material to such individual's entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
The Board has granted Dean Butler 20,517 restricted stock units (“RSUs”) that will vest annually over four years, subject to his continued service with the Company on such vesting dates. Other terms of the RSU grants are as determined by the Board and set forth in the Inducement Plan and applicable award agreements covering each grant.
Synaptics, and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
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