Synopsys (SNPS) GC Janet Lee Receives 699 Shares; 304 Withheld

What Happened
Janet Lee, General Counsel & Corporate Secretary of Synopsys, had 699 restricted stock units convert into 699 shares on September 1, 2026. The award converted at $0.00 per share (no exercise price). To satisfy tax withholding, the company retained 304 of those shares at an effective price of $414.82 per share, totaling $126,105. After the withholding, Lee received a net 395 shares. This was a routine vesting/conversion of an equity award rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-09-01 (reported on Form 4 filed 2026-09-02).
• Converted: 699 stock units → 699 shares (code M, $0.00 per share).
• Tax withholding: 304 shares retained (code F) at $414.82/share = $126,105.
• Net shares added to Lee’s holdings: 395 shares (699 − 304).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Company retained shares to meet the reporting person’s tax withholding; amount approved by the Compensation Committee and not in excess 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.
• Timeliness: Filing appears timely (transaction 9/1/2026; Form 4 filed 9/2/2026).

Context
This was a vesting/conversion of restricted stock units (RSUs), effectively a cashless tax-withholding “sell-to-cover” where the company retained shares to pay taxes. Such internal vesting/tax-withholding transactions are common and typically reflect compensation mechanics rather than a deliberate market buy/sell signal. The net result is a modest increase of 395 shares to the insider’s holdings.