Synopsys (SNPS) Chief Accounting Officer Converts 793 RSUs

What Happened
Kankanwadi Sudhindra, Synopsys’ Chief Accounting Officer, had 793 restricted stock units convert into 793 shares on 2026-03-15 (recorded as derivative conversion). The company withheld 288 of those shares to satisfy tax withholding at $412.63/share (total withheld $118,837). Net of withholding, Sudhindra received 505 shares (market value ≈ $208,378 at $412.63/share). This was a vesting/settlement of RSUs, not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-03-15.
• Actions reported: conversion/exercise of derivative (M) — 793 units → 793 shares (acquired); company tax withholding (F) — 288 shares disposed at $412.63/share for $118,837.
• Net shares delivered to insider: 505 shares (793 − 288).
• Footnotes: F1 — shares retained by company to meet tax withholding (Compensation Committee approved; amount not in excess of tax liability). F2 — each stock unit converts to one share. F3 — these units vest in installments (25% on the shown date, then three equal annual installments).
• Filing timing: report filed 2026-03-16 for a 2026-03-15 transaction (appears timely).
• No 10b5-1 plan or gift reported; this was a routine RSU vest/settlement.

Context
This is a routine RSU vesting and cashless tax-withholding settlement (company withheld shares rather than selling on the open market). The M code denotes conversion/exercise of derivative/units; the F code reflects shares withheld for taxes. Such transactions commonly reflect compensation vesting rather than a buying or selling signal by the insider.