Synaptics Reports Inducement Grants Following Completion of Broadcom Agreement

Core Points - Synaptics Incorporated announced the granting of restricted stock unit (RSU) awards to 104 new employees as part of an asset purchase transaction with Broadcom that closed on January 30, 2025 [1][3] - The RSU awards total 1,006,506 units and are intended as a material inducement for the new employees' acceptance of employment with Synaptics [3] - The RSUs will vest 50% on the first anniversary of the grant date, with the remaining 50% vesting quarterly until fully vested on the second anniversary [4] Company Overview - Synaptics is focused on driving innovation in AI at the Edge, enhancing user engagement with intelligent connected devices across various environments [5] - The company serves as a partner for product innovators, providing advanced solutions in AI-native embedded computing, wireless connectivity, and multimodal sensing [5] - Synaptics aims to create smarter, faster, and more intuitive digital experiences through its diverse technology offerings, including touch, display, biometrics, and AI-driven connectivity [5]