Shimer Peter A 4
4 · SYNOPSYS INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Synopsys (SNPS) Director Peter A. Shimer Receives 925-Share Award
What Happened Peter A. Shimer, a member of Synopsys' board of directors, received two equity awards on 2026-02-27 totaling 925 shares (845 shares and 80 shares). The reported acquisition price for both awards is $0.00 (award/grant code A). These are director compensation awards rather than open-market purchases or sales; the shares are subject to vesting conditions described in the filing.
Key Details
- Transaction date: 2026-02-27 (filed with the SEC on 2026-03-02).
- Awards: 845 shares (A) and 80 shares (A); both reported at $0.00 per share (total reported value $0 at grant).
- Vesting: 845-share award vests in equal installments on the date immediately preceding each of the first three Annual Meetings following the grant (subject to continued board service). The 80-share award vests on the date immediately preceding the first Annual Meeting following the grant (subject to continued board service).
- Plan: The awards were automatic under the Synopsys 2017 Non-Employee Directors Equity Incentive Plan (footnote indicates automatic director award).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Timeliness: Filing appears timely (transaction 2026-02-27; Form 4 filed 2026-03-02).
Context These entries are compensatory equity awards to a non-employee director (routine board compensation) rather than market purchases or sales. Vesting means the shares will not be owned outright until the specified future dates and continued board service is required for vesting. Such awards are common for directors and do not, by themselves, indicate trading activity or immediate changes in holdings.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-27+845→ 845 total - Award
Common Stock
[F3][F2]2026-02-27+80→ 925 total
Footnotes (3)
- [F1]The shares subject to the Award will vest in equal installments on the date immediately preceding each of the first three Annual Meetings following the Date of Grant, subject to the Eligible Director's continued Board service through such dates.
- [F2]Automatic award under the Synopsys 2017 Non-Employee Directors Equity Incentive Plan.
- [F3]The shares subject to the Award will vest on the date immediately preceding the first Annual Meeting following the Date of Grant, subject to the Eligible Director's continued Board service through such date.