Synopsys (SNPS) CAO gains shares via RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synopsys Inc. Chief Accounting Officer Sudhindra Kankanwadi exercised 793 restricted stock units into an equal number of common shares on March 15, 2026. To cover tax withholding tied to this vesting, 288 common shares were retained by Synopsys at $412.63 per share, as approved by the Compensation Committee. After these routine compensation-related transactions, Kankanwadi directly holds 22,219 shares of Synopsys common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
793 shares exercised/converted
Mixed
3 txns
Insider
Kankanwadi Sudhindra
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 793 | $0.00 | -- |
| Exercise | Common Stock | 793 | $0.00 | -- |
| Tax Withholding | Common Stock | 288 | $412.63 | $119K |
Holdings After Transaction:
Restricted Stock Units — 793 shares (Direct);
Common Stock — 22,507 shares (Direct)
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. 25% of the units vest on the date shown followed by three equal annual installments, subject to continued service through each vesting date.
FAQ
What insider transaction did Synopsys (SNPS) report for Sudhindra Kankanwadi?
Synopsys reported that Chief Accounting Officer Sudhindra Kankanwadi exercised 793 restricted stock units into common stock on March 15, 2026. These units vested as part of an existing award and converted one-for-one into Synopsys common shares.
Was the Synopsys CAO’s transaction an open-market buy or sell?
The activity was not an open-market trade. It involved the automatic exercise of 793 restricted stock units and a tax-withholding disposition of 288 shares retained by Synopsys, a routine mechanism to cover tax obligations on vested equity awards.
What do the restricted stock unit terms indicate for Synopsys (SNPS)?
Each restricted stock unit converts into one share of Synopsys common stock. According to the terms, 25% of the units vest on a specified date, followed by three equal annual installments, contingent on continued service through each vesting date.