Synopsys (SNPS) GC Janet Lee Converts RSUs; Shares Withheld

What Happened
Janet Lee, General Counsel & Corporate Secretary of Synopsys (SNPS), converted 729 restricted stock units (RSUs) into 729 shares on 2026-08-16. To satisfy tax withholding obligations the company retained (disposed) 318 of those shares at a per-share value of $421.50, totaling $134,037. Net shares retained by Lee after withholding: 411 shares. This was a vesting/conversion event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-16; Filing date: 2026-08-17 (timely report).
• Conversion: 729 RSUs -> 729 shares (transaction code M).
• Tax withholding/disposition: 318 shares withheld at $421.50/share = $134,037 (transaction code F).
• Net shares retained: 411 shares (729 - 318).
• Footnotes: Company retained shares to meet tax withholding; Compensation Committee approved the disposition and the amount withheld was not in excess of the tax liability. Each stock unit converts to one share; award vests in installments subject to continued service.
• No indication of a 10b5-1 plan or a gift; this is routine withholding on vesting.

Context
This was a routine RSU vesting and company share-withholding to cover taxes (a cashless withholding), not an open-market sale or a discretionary buy. Such withholding transactions are common and generally reflect compensation vesting rather than a signal of management buying or selling stock.