Synopsys (SNPS) CRO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synopsys Inc. Chief Revenue Officer Michael Ellow reported routine equity compensation activity involving restricted stock units and related tax withholding. On 2026-06-15, 5,128 restricted stock units converted into an equal number of shares of common stock in two installments of 1,080 and 4,048 units.
To cover tax withholding obligations tied to this vesting, the company retained 2,543 shares at a price of $454.38 per share, as approved by the Compensation Committee. After these transactions, Ellow holds 2,041 shares of Synopsys common stock directly and 16 shares indirectly through a family trust, along with 26,713 remaining restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,128 shares exercised/converted
Mixed
7 txns
Insider
Ellow Michael
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,048 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,080 | $0.00 | -- |
| Exercise | Common Stock | 4,048 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,007 | $454.38 | $912K |
| Exercise | Common Stock | 1,080 | $0.00 | -- |
| Tax Withholding | Common Stock | 536 | $454.38 | $244K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 26,713 shares (Direct, null);
Common Stock — 4,048 shares (Direct, null);
Common Stock — 16 shares (Indirect, by Family Trust)
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. One-sixth (1/6) of the units vest on the date shown followed by five equal semi-annual installments, subject to continued service through each vesting date.
Key Figures
RSUs vested: 5,128 units
Shares withheld for taxes: 2,543 shares
Withholding price: $454.38/share
+4 more
7 metrics
RSUs vested
5,128 units
Restricted stock units converting into common stock on 2026-06-15
Shares withheld for taxes
2,543 shares
Tax withholding dispositions at $454.38 per share
Withholding price
$454.38/share
Value used for tax withholding on vested shares
Direct common shares held
2,041 shares
Common stock directly owned after transactions
Indirect common shares held
16 shares
Common stock held indirectly by family trust
RSUs remaining
26,713 units
Restricted stock units outstanding after vesting on 2026-06-15
Exercise transactions
2 exercises, 5,128 shares
Derivative exercises/conversions in this Form 4
Key Terms
Restricted Stock Units, tax withholding obligations, Compensation Committee, semi-annual installments
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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
"meet the tax withholding obligations of the reporting person"
Compensation Committee financial
"The Compensation Committee approved the disposition of shares"
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.
semi-annual installments financial
"followed by five equal semi-annual installments, subject to continued service"
FAQ
What did Synopsys (SNPS) executive Michael Ellow report in this Form 4?
Michael Ellow, Synopsys’ Chief Revenue Officer, reported vesting of restricted stock units that converted into common shares and related tax-withholding dispositions. These are routine equity compensation events rather than open-market trades, reflecting scheduled awards and associated tax obligations approved by the Compensation Committee.
How many Synopsys (SNPS) restricted stock units vested for Michael Ellow?
A total of 5,128 restricted stock units vested and converted into the same number of Synopsys common shares. The vesting occurred in two tranches of 1,080 and 4,048 units, consistent with the award’s structure where each stock unit converts into one share of common stock.
Were Michael Ellow’s Synopsys (SNPS) transactions open-market sales or purchases?
No open-market sales or purchases were reported. The Form 4 shows derivative exercises where restricted stock units converted into common shares and share dispositions marked with code F, representing shares withheld by the company solely to satisfy tax obligations on the vesting event.
How do Michael Ellow’s Synopsys (SNPS) restricted stock units vest over time?
The filing states that one-sixth of the restricted stock units vest on the specified date, followed by five equal semi-annual installments. Continued service through each vesting date is required, creating a structured, time-based vesting schedule for these equity awards.