Form 4: Synopsys Director Bruce R. Chizen Reports Acquisition of Common Stock

Director Bruce R. Chizen reports acquisition of 356 shares of Synopsys common stock on April 10, 2024, through an automatic award under the company's 2017 Non-Employee Directors Equity Incentive Plan.

Summary

• On April 10, 2024, Bruce R. Chizen, a director of Synopsys Inc. (SNPS), acquired 356 shares of common stock.
• The acquisition was an automatic award under the Synopsys 2017 Non-Employee Directors Equity Incentive Plan.
• The price per share was $0.0.
• Following the transaction, Chizen directly owns 15,218 shares of Synopsys common stock.

Sentiment

Score: 7

Explanation: Routine director stock acquisition, indicating confidence but not a major event.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The shares subject to the Award will vest on the date immediately preceding the first Annual Meeting following the Date of Grant, subject to the Eligible Director's continued Board service through such date.

Industry Context

Directors often receive stock awards as part of their compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates