JOHNSON MERCEDES 4
Research Summary
AI-generated summary
Synopsys (SNPS) Director Mercedes Johnson Receives 453-Share Award
What Happened
Mercedes Johnson, a member of Synopsys’ board of directors, was granted 453 shares on April 16, 2026 as an automatic award under the company’s equity plan. The grant was recorded at $0.00 per share (total reported acquisition value $0). This is an award (compensation) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-16 (Form filed 2026-04-17). Filing appears timely.
- Award: 453 shares acquired at $0.00 per share (reported value $0).
- Vesting: The shares vest on the date immediately preceding the first annual meeting after the grant, contingent on continued board service (footnote F1).
- Plan: Automatic award under the Amended and Restated Equity Incentive Plan (footnote F2).
- Prior holdings and transfer: Before April 16, Johnson held 491 shares directly and 1,899 indirectly. On April 16 she transferred the 491 direct shares into the Mercedes Johnson Trust (exempt under Rule 16a-13); those shares are now indirectly held (footnote F3).
- Ownership after transaction: 0 shares held directly; 2,843 shares held indirectly (1,899 + 491 transferred + 453 award), held through the trust per filing.
Context
This was a director compensation award, not a market purchase or sale. Such awards are common for non-employee directors and typically vest based on continued service; they do not by themselves indicate the director buying or selling stock for investment reasons. The transfer of direct shares into a trust is an internal re-titling and was reported as exempt under SEC Rule 16a-13.
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