Synopsys (SNPS) GC Janet Lee Exercises RSUs; Withholds 993 Shares

What Happened
Janet Lee, General Counsel & Corporate Secretary of Synopsys (SNPS), had 2,283 restricted stock units convert into common shares on 2026-09-11. The company withheld 993 of those shares to satisfy her tax withholding obligation at a per-share value of $397.38, totaling approximately $394,598. The conversion/derivative event is coded as an exercise/conversion (M) and the withholding as a tax payment (F). Net to Ms. Lee, this vesting resulted in an increase of 1,290 shares (2,283 converted minus 993 withheld).

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14 (filed within reporting deadline).
• Converted: 2,283 stock units → 2,283 shares (M code, conversion of RSUs).
• Withheld for taxes: 993 shares @ $397.38/share = $394,598 (F code).
• Net shares added to insider holdings from this event: 1,290 shares.
• Shares owned after transaction: not reported in the filing.
• Relevant footnotes: F1–Company retained shares to meet tax withholding; F2–each stock unit converts to one share; F3–these units vest in installments (33% on this date, then two equal annual installments).
• Transaction nature: routine RSU vesting with company tax withholding (not an open-market sale).

Context
This was a routine vesting/conversion of restricted stock units, followed by company withholding to cover tax obligations (a common "cashless" tax-withholding treatment). Such withholding is procedural and not a discretionary sale indicating sentiment. Transaction codes: M = exercise/conversion of derivative (RSU conversion here), F = payment of exercise price or tax liability (withholding).