Synopsys (SNPS) awards CFO 7,554 RSUs with multi-year vesting
Rhea-AI Filing Summary
Synopsys Inc. reported an equity award for its Chief Financial Officer, Shelagh Glaser. The Compensation Committee granted her 7,554 restricted stock units under the Synopsys, Inc. 2006 Employee Equity Incentive Plan. These units have a conversion price of $0.0 and represent potential shares of common stock.
One-sixth of the units vest on 12/16/2025, with the remaining units vesting in five equal semi-annual installments through 12/15/2028, contingent on continued service. Following the grant, she holds 7,554 derivative securities directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,554 | $0.00 | -- |
Footnotes (1)
- The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan. 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.
FAQ
What did Synopsys (SNPS) disclose in this insider Form 4 filing?
Synopsys disclosed that its CFO, Shelagh Glaser, received a grant of 7,554 restricted stock units approved by the Compensation Committee under the company’s 2006 Employee Equity Incentive Plan.
How many restricted stock units did the Synopsys (SNPS) CFO receive?
The CFO received 7,554 restricted stock units, each linked to Synopsys common stock.
What is the vesting schedule for the CFO’s restricted stock units at Synopsys (SNPS)?
One-sixth (1/6) of the units vest on 12/16/2025, with the remaining units vesting in five equal semi-annual installments through 12/15/2028, subject to continued service.
What is the exercise or conversion price of the Synopsys (SNPS) restricted stock units?
The restricted stock units have a stated conversion or exercise price of $0.0, which is typical for RSUs that convert into common stock upon vesting.
Does the Synopsys (SNPS) CFO hold these derivative securities directly or indirectly?
After the reported transaction, the 7,554 derivative securities are shown as held in direct ownership.
Under which plan were the Synopsys (SNPS) restricted stock units granted?
The award was granted under the Synopsys, Inc. 2006 Employee Equity Incentive Plan, as approved by the Compensation Committee of the Board of Directors.