Form 4: Synopsys Executive Richard Mahoney Receives Stock Options and Restricted Stock Units

Synopsys Chief Revenue Officer Richard Mahoney was granted stock options and restricted stock units as part of the company's 2006 Employee Equity Incentive Plan.

Summary

• Richard Mahoney, Chief Revenue Officer of Synopsys Inc., received a grant of 7,397 non-qualified stock options with an exercise price of $494.43 on December 18, 2024.
• These options vest over time, with 25% becoming exercisable on December 18, 2025, and the remainder vesting in 12 equal quarterly installments.
• Mahoney also received 2,529 restricted stock units on December 18, 2024.
• These restricted stock units vest over time, with 25% vesting on December 8, 2025, and the remainder vesting in three equal annual installments.
• Both the stock options and restricted stock units were granted under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally positive for aligning management and shareholder interests. There are no negative aspects to the document.

Positives

• The grants of stock options and restricted stock units align the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.
• The grants are part of the company's established employee equity incentive plan.

Risks

• The value of the stock options and restricted stock units is dependent on the future performance of Synopsys stock.
• The executive must remain employed by the company to fully vest in the grants.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedules of the grants.

Industry Context

The granting of stock options and restricted stock units is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard practice for executive compensation in the technology sector, similar to companies like Cadence Design Systems (CDNS) and Mentor Graphics (now part of Siemens).
• The vesting schedules described are typical, with a mix of time-based and performance-based vesting often used to align executive interests with long-term company performance.
• The specific number of shares and exercise price are specific to Synopsys and the executive's role, but the overall structure is consistent with industry norms.

Stakeholder Impact

• Shareholders may view the grants positively as they align executive interests with company performance.
• Employees may see the grants as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

stock options, restricted stock units, equity incentive plan, executive compensation, Synopsys, SNPS, Richard Mahoney