LEE JANET 4

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.