Form 4: Synopsys Executive John F. Runkel Jr. Reports Stock Option and Restricted Stock Unit Grants
SEC Form 4
John F. Runkel Jr., a Synopsys executive, reported the acquisition of stock options and restricted stock units on December 18, 2024.
Summary
- John F. Runkel Jr., General Counsel and Corporate Secretary at Synopsys Inc., reported transactions involving company stock.
- On December 18, 2024, Runkel was granted 3,403 non-qualified stock options with an exercise price of $494.43.
- These options vest over time, with 25% becoming exercisable on December 18, 2025, and the remainder in 12 equal quarterly installments.
- Runkel also received 1,163 restricted stock units (RSUs) on the same date.
- These RSUs vest with 25% on December 8, 2025, and the remaining in three equal annual installments.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices, which is generally viewed positively as it aligns management interests with shareholders. There is no indication of any negative or unusual activity.
Positives
- The grant of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Industry Context
This is a standard practice for executive compensation in the technology industry, using equity-based awards to incentivize performance and retention.
Comparison to Industry Standards
- Granting stock options and restricted stock units is a common practice among technology companies like Synopsys, similar to compensation structures at Cadence Design Systems and Mentor Graphics (now part of Siemens).
- The vesting schedules are also typical, designed to retain talent over several years.
- The specific amounts and exercise prices are company-specific and depend on individual performance and company valuation.
Stakeholder Impact
- Shareholders may view this positively as it aligns executive interests with company performance.
- Employees may see this as a standard part of the company's compensation structure.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of the stock option and restricted stock unit grants. |
| 12/18/2025 | Date when 25% of the stock options become exercisable. |
| 12/08/2025 | Date when 25% of the restricted stock units vest. |
| 12/18/2031 | Expiration date of the stock options. |
| 12/08/2028 | Expiration date of the restricted stock units. |
| 12/20/2024 | Date the form was signed. |
Keywords
Synopsys, Stock Options, Restricted Stock Units, Executive Compensation, Insider Trading, Equity Incentive Plan, Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.