Form 4: Synopsys GC & Corporate Secretary John F. Runkel, Jr. Reports Stock Transactions

John F. Runkel, Jr., GC & Corporate Secretary of Synopsys Inc., reports the acquisition and disposition of common stock and restricted stock units to cover tax obligations.

Summary

• On March 15, 2024, John F. Runkel, Jr., GC & Corporate Secretary of Synopsys Inc., engaged in transactions involving Synopsys common stock and restricted stock units.
• He acquired 406 shares of common stock through the vesting of restricted stock units at a price of $0.0.
• Simultaneously, 202 shares were disposed of at $550.03 to cover tax withholding obligations related to the vesting of the restricted stock units.
• Following these transactions, Runkel directly owns 25,319 shares of Synopsys common stock and 1,217 restricted stock units.
• The restricted stock units vest in installments, with 25% vesting on March 15, 2024, followed by three equal annual installments, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a standard practice for executives to manage their equity compensation, including covering tax obligations through stock sales.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates