Synopsys counsel vests 699 RSUs, 304 shares withheld
Synopsys GC & Corporate Secretary saw RSUs vest into shares, with part of the shares withheld to cover tax obligations.
Rhea-AI Filing Summary
SYNOPSYS INC (SNPS) reported that officer Janet Lee, General Counsel & Corporate Secretary, exercised a restricted stock unit award on September 1, 2026. 699 restricted stock units converted into the same number of shares of common stock, while 304 shares were withheld by Synopsys to cover tax withholding obligations related to this vesting. Following the exercise, 1,398 restricted stock units remained outstanding for the reporting person. No Rule 10b5-1 trading plan is reported in connection with these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
699 shares exercised/converted
Exercise
3 txns
Insider
LEE JANET
Role
GC & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 699 | $0.00 | $0.00 |
| Exercise | Common Stock | 699 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 304 | $414.82 | $126K |
Holdings After Transaction:
Restricted Stock Units — 1,398 contracts (Direct);
Common Stock — 16,388 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Each stock unit converts into one share of Synopsys common stock.
- F3. The award vests on the date shown followed by quarterly installments, subject to continued service through each vesting date.
Key Figures
RSUs Exercised: 699 units
Shares Withheld for Taxes: 304 shares
Withholding Price per Share: $414.82 per share
+1 more
4 metrics
RSUs Exercised
699 units
Restricted stock units converted into common stock on September 1, 2026
Shares Withheld for Taxes
304 shares
Common shares retained by Synopsys to satisfy tax withholding obligations
Withholding Price per Share
$414.82 per share
Price used for 304 shares withheld to cover tax liability
RSUs Outstanding After Transaction
1,398 units
Restricted stock units held by Janet Lee following the exercise
Key Terms
Restricted Stock Units, tax withholding obligations, vesting, Compensation Committee
4 terms
Restricted Stock Units financial
"The reporting person held Restricted Stock Units that converted into common stock"
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
"Shares were retained by the Company to meet the tax withholding obligations"
vesting financial
"The award vests on the date shown followed by quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Compensation Committee regulatory
"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.
FAQ
What transactions did SNPS insider Janet Lee report on this Form 4?
Janet Lee reported the exercise of 699 restricted stock units into common shares on September 1, 2026, and a related withholding of 304 shares by Synopsys to satisfy tax withholding obligations tied to the vesting.
How many Synopsys (SNPS) restricted stock units did Janet Lee have after the reported transaction?
After the September 1, 2026 transaction, Janet Lee held 1,398 restricted stock units, as reported in the filing. Each unit is described as converting into one share of Synopsys common stock upon vesting events, subject to continued service.
Were Janet Lee’s SNPS transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 plan was affirmed for these transactions, and the footnotes do not reference any pre-arranged trading plan in connection with the reported vesting and share withholding.
What is the relationship between Janet Lee’s RSUs and Synopsys (SNPS) common stock?
According to the filing, each restricted stock unit converts into one share of Synopsys common stock. The reported award vests on the stated date and then in quarterly installments, contingent on continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.