LEE JANET 4
4 · SYNOPSYS INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Synopsys (SNPS) GC Janet Lee Converts RSUs; 235 Shares Withheld
What Happened
Janet Lee, General Counsel & Corporate Secretary of Synopsys (SNPS), had 540 restricted stock units convert into 540 shares on June 15, 2026 (derivative conversion). To satisfy tax withholding, the company retained 235 of those shares, valued at $454.38 each for a total withholding of $106,779. The conversion price was $0.00 (typical for RSU vesting), resulting in a net delivery of 305 shares to Lee.
Key Details
- Transaction date: 2026-06-15 (filed 2026-06-16 — timely filing).
- Conversion: 540 units → 540 shares at $0.00 (derivative exercise/conversion).
- Withholding: 235 shares withheld at $454.38/share = $106,779 (tax withholding).
- Net shares delivered to insider: 305 shares (540 converted − 235 withheld).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 notes company withheld shares to meet tax obligations and retained amount was not in excess of the tax liability; F2 confirms one stock unit = one share; F3 describes the RSU vesting schedule (1/6 vested on this date, then five equal semi‑annual installments).
Context
This was a routine RSU vesting and tax-withholding event — not an open-market buy or sell. When companies withhold shares to cover taxes, it’s a standard administrative step and does not necessarily indicate insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-15+540→ 15,817 total - Tax Payment
Common Stock
[F1]2026-06-15$454.38/sh−235$106,779→ 15,582 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-06-15−540→ 2,698 totalExercise: $0.00From: 2026-06-15Exp: 2028-12-15→ Common Stock (540 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]One-sixth (1/6) of the units vest on the date shown followed by five equal semi-annual installments, subject to continued service through each vesting date.