Form 4: Synopsys Director Janice Chaffin Reports Acquisition of Common Stock
SEC Form 4
Director Janice Chaffin reports acquisition of 491 shares of Synopsys common stock through an automatic award under the company's equity incentive plan.
Summary
- On April 10, 2025, Janice Chaffin, a director of Synopsys Inc. (SNPS), acquired 491 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, Chaffin directly owns 15,169 shares of Synopsys common stock.
- The shares will vest on the date immediately preceding the first Annual Meeting following the Date of Grant, subject to continued board service.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It doesn't indicate any specific positive or negative outlook for the company.
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
This filing is a routine disclosure related to director compensation and equity ownership, common in the technology industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of transaction: Janice Chaffin acquired 491 shares of Synopsys common stock. |
| 04/14/2025 | Date of signature on the Form 4 filing. |
Keywords
Synopsys, Director, Janice Chaffin, Stock Acquisition, Equity Incentive Plan, SNPS, Beneficial Ownership, Form 4
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