Synaptics Announces Inducement Grants for Phillip Kumin under Nasdaq Listing Rule 5635(c)(4)
March 30 2020 - 4:05PM
Synaptics Incorporated (NASDAQ: SYNA), (the “Company”), a leading
developer of human interface solutions, today announced that
effective March 30, 2020, Synaptics’ Board of Directors has granted
Phillip Kumin, the Company’s newly-appointed Senior Vice President
of Worldwide Sales, equity awards under the Synaptics Incorporated
2019 Inducement Equity Plan (the “Inducement Plan”).
The Inducement Plan is used exclusively for the granting 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
individuals entering into employment with the Company in accordance
with Nasdaq Listing Rule 5635(c)(4).
The Board has granted Phillip Kumin 12,524 restricted stock
units (“RSUs”) that will vest annually over four years, and 12,524
market stock units (“MSUs”) that will vest annually over three
years, subject to his continued service with the Company on such
vesting dates. Other terms of the RSU and MSU grants are as
determined by the Board and set forth in the Inducement Plan and
applicable award agreements covering each grant.
About Synaptics: Synaptics is the pioneer and
leader of human interface technology, bringing innovative and
intuitive user experiences to intelligent devices. Synaptics’ broad
portfolio of touch, display, biometrics, voice, audio, and
multimedia products is built on the company’s rich R&D,
extensive IP and dependable supply chain capabilities. With
solutions designed for mobile, PC, smart home, and automotive
industries, Synaptics combines ease of use, functionality and
aesthetics to enable products that help make our digital lives more
productive, secure and enjoyable. (NASDAQ: SYNA)
www.synaptics.com.
Join Synaptics on Twitter, LinkedIn, and Facebook, or visit
www.synaptics.com.
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.
For further information, please contact: David
Hurd Synaptics +1-408-904-2766 david.hurd@synaptics.com
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