LEE JANET 4
4 · SYNOPSYS INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Synopsys (SNPS) GC Janet Lee Receives RSU Award; 318 Shares Withheld
What Happened
Janet Lee, General Counsel & Corporate Secretary of Synopsys, had 729 restricted stock units convert into 729 shares on 2026-05-16. The company withheld 318 of those shares to satisfy tax withholding obligations at $502.42 per share, totaling $159,770. Net shares issued to Ms. Lee were 411. This was a vesting/settlement event (not an open-market buy or discretionary sale).
Key Details
- Transaction date: 2026-05-16; Form filed 2026-05-18 (appears timely).
- Conversion/exercise code: M (derivative exercise/conversion) — 729 units → 729 shares at $0.00 per share.
- Tax withholding code: F — 318 shares withheld at $502.42/share for $159,770.
- Net shares received: 729 − 318 = 411 shares.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 = shares retained by company to cover tax withholding; F2 = each stock unit converts to one share; F3 = award vests on the date shown followed by quarterly installments, subject to continued service.
Context
This was a routine RSU vest/settlement with share withholding for taxes (common "sell-to-cover" style). Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = tax withholding. Such vesting events reflect compensation realization rather than a market-directed buy or sell.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-16+729→ 15,200 total - Tax Payment
Common Stock
[F1]2026-05-16$502.42/sh−318$159,770→ 14,882 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-16−729→ 5,103 totalExercise: $0.00From: 2026-02-16Exp: 2028-02-16→ Common Stock (729 underlying)
Footnotes (3)
- [F1]These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.
- [F2]Each stock unit converts into one share of Synopsys common stock.
- [F3]The award vests on the date shown followed by quarterly installments, subject to continued service through each vesting date.