Form 4: Synopsys CFO Shelagh Glaser Reports Stock Transactions

Synopsys CFO Shelagh Glaser reported the acquisition and disposition of company stock and restricted stock units on March 15, 2024, according to a Form 4 filing with the SEC.

Summary

• On March 15, 2024, Shelagh Glaser, CFO of Synopsys Inc., engaged in transactions involving the company's stock.
• Glaser acquired 794 shares of common stock through the vesting of restricted stock units.
• Simultaneously, 278 shares were disposed of to cover tax withholding obligations related to the vesting of the restricted stock units at a price of $550.03 per share.
• Following these transactions, Glaser directly owns 9,016 shares of Synopsys common stock.
• Glaser also holds 2,380 Restricted Stock Units, vesting in installments until 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It reflects routine executive compensation activities.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Synopsys. It provides transparency to investors regarding the financial interests of company executives.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock units are standard practice in the technology industry.
• Companies like Cadence Design Systems and Mentor Graphics (now Siemens EDA) also utilize similar equity-based compensation strategies for their executives.
• The vesting schedules and tax withholding practices described in the filing are typical for such arrangements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates