Synopsys (SNPS) deputy CFO Kankanwadi reports RSU vesting and tax-withholding share disposition
Rhea-AI Filing Summary
Synopsys deputy CFO and chief accounting officer Sudhindra Kankanwadi reported routine equity compensation activity involving restricted stock units. On June 15, 2026, 720 restricted stock units converted into 720 shares of Synopsys common stock as part of a scheduled vesting.
Of these shares, 249 were retained by Synopsys to cover the related tax withholding obligations, as approved by the Compensation Committee, leaving a net 471 shares effectively added to his directly held common stock. Following these transactions, he directly holds 22,690 shares of common stock and 3,597 restricted stock units.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; no open‑market trading.
The activity reflects standard equity compensation mechanics at Synopsys. A block of 720 restricted stock units vested and converted into common stock, while 249 shares were retained by the company to satisfy tax withholding at a reference price of $454.38 per share.
The filing shows no open‑market purchases or sales, only a derivative exercise and a tax-withholding disposition approved by the Compensation Committee. Kankanwadi’s direct common stock holdings increased overall, and he still holds 3,597 restricted stock units that continue to vest over time.
Given the modest scale relative to typical executive equity packages and the absence of discretionary trading, this appears to be a routine, compensation-driven event rather than a directional signal about Synopsys shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 720 | $0.00 | -- |
| Exercise | Common Stock | 720 | $0.00 | -- |
| Tax Withholding | Common Stock | 249 | $454.38 | $113K |
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.