SNPS.NASDAQSynopsys INC

Form 4: Synopsys Inc. Executive Richard S. Mahoney Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Richard S. Mahoney, Chief Revenue Officer of Synopsys Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

  • On March 15, 2024, Richard S. Mahoney, Chief Revenue Officer of Synopsys Inc., had restricted stock units vest.
  • 794 shares were acquired upon vesting of restricted stock units at a price of $0.00.
  • 286 shares were withheld by the company to cover tax obligations at a price of $550.03 per share.
  • Following these transactions, Mahoney directly owns 2,160 shares of common stock.
  • He also directly owns 2,380 derivative securities (Restricted Stock Units).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; therefore, the sentiment is neutral.

Future Outlook

The remaining restricted stock units vest in three equal annual installments, subject to continued service.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions have a minor impact on the overall shareholding structure of Synopsys Inc.

Key Dates

DateDescription
03/15/2024Date of transaction: vesting of restricted stock units and tax withholding.
03/15/2024Date that 25% of the restricted stock units vest.
03/15/2027Expiration date of the restricted stock units.
03/19/2024Date of signature on the Form 4 filing.

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