Form 4: Synopsys GC & Corporate Secretary John F. Runkel, Jr. Executes Stock Option and Sells Shares Under 10b5-1 Plan

John F. Runkel, Jr., GC & Corporate Secretary of Synopsys Inc., exercised stock options and sold shares of common stock on February 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 23, 2024, John F. Runkel, Jr., the GC & Corporate Secretary of Synopsys Inc. (SNPS), executed a transaction involving the company's stock.
• Runkel exercised non-qualified stock options to acquire 1,219 shares of common stock at an exercise price of $354.45.
• Simultaneously, Runkel sold 1,219 shares of Synopsys common stock at a price of $583.95.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 29, 2023.
• Following these transactions, Runkel directly owns 26,780 shares of Synopsys common stock.
• Runkel also holds 3,656 derivative securities in the form of non-qualified stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It is common for executives to utilize 10b5-1 plans to manage their stock holdings and avoid accusations of insider trading. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.

Key Dates