Synopsys (SNPS) GC Janet Lee exercises RSUs and covers tax with 304 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synopsys Inc.'s General Counsel and Corporate Secretary, Janet Lee, reported routine equity compensation activity involving restricted stock units. She exercised 699 restricted stock units into the same number of common shares, while 304 common shares were retained by the company to satisfy tax withholding obligations approved by the Compensation Committee. After these transactions, she holds 15,581 shares of common stock directly and 2,097 restricted stock units, which each convert into one share of Synopsys common stock as they continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
699 shares exercised/converted
Mixed
3 txns
Insider
LEE JANET
Role
GC & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 699 | $0.00 | -- |
| Exercise | Common Stock | 699 | $0.00 | -- |
| Tax Withholding | Common Stock | 304 | $492.29 | $150K |
Holdings After Transaction:
Restricted Stock Units — 2,097 shares (Direct, null);
Common Stock — 15,581 shares (Direct, null)
Footnotes (1)
- 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 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. Each stock unit converts into one share of Synopsys common stock. The award vests on the date shown followed by quarterly installments, subject to continued service through each vesting date.
Key Figures
RSUs exercised: 699 units
Shares for tax withholding: 304 shares at $492.29
Common shares held after: 15,581 shares
+2 more
5 metrics
RSUs exercised
699 units
Restricted stock units converted into common stock on June 1, 2026
Shares for tax withholding
304 shares at $492.29
Shares retained by Synopsys to meet tax obligations
Common shares held after
15,581 shares
Direct ownership following the reported transactions
RSUs remaining
2,097 units
Restricted stock units outstanding after the exercise
RSU conversion ratio
1:1
Each stock unit converts into one share of common stock
Key Terms
Restricted Stock Units, tax withholding obligations, Compensation Committee, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"The award involves 699 Restricted Stock Units that convert into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares were retained by the Company to meet the tax withholding obligations."
Compensation Committee financial
"The Compensation Committee approved the disposition of shares by the reporting person."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
derivative exercise/conversion financial
"Transaction code M reflects a derivative exercise/conversion of stock units."
installment of the restricted stock unit award financial
"Tax withholding arose from the vesting of an installment of the restricted stock unit award."
FAQ
What insider transactions did Synopsys (SNPS) report for Janet Lee?
Janet Lee exercised 699 restricted stock units into common stock and had 304 common shares retained by Synopsys to cover tax withholding. Following these routine compensation-related transactions, she directly holds 15,581 common shares and 2,097 restricted stock units.
How do Janet Lee’s restricted stock units in Synopsys (SNPS) work?
Each restricted stock unit converts into one share of Synopsys common stock. The award vests on a specified date followed by quarterly installments, provided Janet Lee continues her service through each vesting date, as outlined in the Form 4 footnotes.
Did Janet Lee conduct any open-market buy or sell of Synopsys (SNPS) stock?
The Form 4 shows no open-market purchases or sales. It reports a derivative exercise of 699 restricted stock units into common stock and a 304-share tax-withholding disposition, both related to equity compensation rather than market trading activity.