Synopsys (SNPS) chair de Geus vests 1,763 RSUs and covers taxes in shares
Rhea-AI Filing Summary
Synopsys executive chair Aart de Geus reported routine equity compensation activity. He exercised 1,763 restricted stock units, which converted into the same number of Synopsys common shares. To cover tax withholding on this vesting, the company retained 630 shares at a price of $412.63 per share, as approved by the Compensation Committee.
After these transactions, de Geus directly holds 120,128 Synopsys shares. He also has indirect ownership of 308,791 shares through a family trust and 14,500 shares through a partnership. The tax-related share retention does not represent an open-market sale.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; no open-market trading signal.
The filing shows Aart de Geus converting 1,763 restricted stock units into Synopsys common shares, a standard equity compensation event. The Form 4 classifies this as an exercise or conversion of derivative securities rather than a market purchase.
Of these shares, 630 were retained by Synopsys to satisfy tax withholding obligations at $412.63 per share, with the amount approved by the Compensation Committee and capped at the tax liability. This is a non-market disposition and does not reflect an active decision to sell shares.
Following the transactions, de Geus holds 120,128 shares directly, plus indirect positions via a family trust and a partnership. With no remaining derivative positions listed and no open-market buys or sells reported, the filing appears administratively neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,763 | $0.00 | -- |
| Exercise | Common Stock | 1,763 | $0.00 | -- |
| Tax Withholding | Common Stock | 630 | $412.63 | $260K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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.