Sassine Ghazi - Dec 12, 2023 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Role
President and COO, Director
Signature
By: POA Pursuant Liz Ramirez For: Sassine E Ghazi
Stock symbol
SNPS
Transactions as of
Dec 12, 2023
Transactions value $
-$2,749,674
Form type
4
Date filed
12/14/2023, 03:51 PM
Previous filing
Dec 12, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock Award $0 +9.78K +17.18% $0.00 66.7K Dec 12, 2023 Direct F1
transaction SNPS Common Stock Tax liability -$2.75M -4.85K -7.27% $567.06 61.9K Dec 12, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNPS Non-Qualified Stock Option (right to buy) Award $0 +20.5K $0.00 20.5K Dec 12, 2023 Common Stock 20.5K $567.06 Direct F3, F4
transaction SNPS Restricted Stock Units Award $0 +6.61K $0.00 6.61K Dec 12, 2023 Common Stock 6.61K $0.00 Direct F5, F6
transaction SNPS Restricted Stock Units Award $0 +9.78K $0.00 9.78K Dec 12, 2023 Common Stock 9.78K Direct F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 50% of earned stock units of a performance-based restricted stock unit award that was granted on December 2, 2022 for which the Compensation Committee of Synopsys' Board of Directors certified the level of achievement against certain performance goals on December 12, 2023.
F2 These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the performance-based restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.
F3 Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan.
F4 1/4 of the grant becomes exercisable on the date shown with the remainder becoming exercisable in a series of 12 equal quarterly installments thereafter, subject to continued service through each vesting date.
F5 The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.
F6 25% of the units vest on the date shown followed by three equal annual installments, subject to continued service through each vesting date.
F7 Each stock unit represents a contingent right to receive one share of Synopsys common stock.
F8 Represents 50% of earned stock units of a performance-based restricted stock unit award that was granted on December 2, 2022 for which the Compensation Committee of Synopsys' Board of Directors certified the level of achievement against certain performance goals on December 12, 2023, which will vest on December 8, 2024 subject to the reporting person's continuous service through such date.
F9 Represents 50% of earned stock units of a performance-based restricted stock unit award that was granted on December 2, 2022 for which the Compensation Committee of Synopsys' Board of Directors certified the level of achievement against certain performance goals on December 12, 2023, which will vest on December 8, 2024 subject to the reporting person's continuous service through such date.