Form 4: Synopsys Director Mercedes Johnson Transfers Shares to Trust
SEC Form 4 Filing
Director Mercedes Johnson transferred 1,697 shares of Synopsys Inc. common stock into the Mercedes Johnson Trust on May 28, 2024.
Summary
- On May 28, 2024, Mercedes Johnson, a director of Synopsys Inc., transferred 1,697 shares of common stock to the Mercedes Johnson Trust.
- The transaction involved the disposition of 5,500 shares at a price of $581.38 per share.
- Following the transaction, Johnson directly owns 356 shares and indirectly owns 1,543 shares through the trust.
- The transfer is exempt from Section 16 regulations under Rule 16a-13.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine share transfer. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This is a routine disclosure of insider transactions, which are common and expected for corporate directors. It doesn't necessarily indicate a change in the company's prospects or the director's confidence in the company.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a transfer of shares for estate planning purposes and does not change the overall ownership structure significantly.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of the share transfer transaction. |
| 05/29/2024 | Date of the signature on the Form 4 filing. |
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