Synopsys (SNPS) director granted 453-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHIZEN BRUCE R reported acquisition or exercise transactions in this Form 4 filing.
Synopsys Inc. director Bruce R. Chizen received an automatic equity award of 453 shares of Common Stock of Synopsys Inc. The shares were granted at a stated price of $0.0000 per share as a compensation award, not an open‑market purchase.
According to the award terms, the shares will vest on the date immediately preceding the first Annual Meeting following the grant date, provided he continues serving on the Board through that date. Following this grant, Chizen directly holds 16,162 shares of Synopsys common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHIZEN BRUCE R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 453 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,162 shares (Direct)
Footnotes (1)
- 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. Automatic award under the Amended and Restated Equity Incentive Plan.
Key Figures
Shares granted: 453 shares
Grant price per share: $0.0000 per share
Shares held after grant: 16,162 shares
3 metrics
Shares granted
453 shares
Automatic equity award of Common Stock to director
Grant price per share
$0.0000 per share
Stated price for the stock award
Shares held after grant
16,162 shares
Director’s direct holdings following the award
Key Terms
Grant, award, or other acquisition, Amended and Restated Equity Incentive Plan, Annual Meeting
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Amended and Restated Equity Incentive Plan financial
"Automatic award under the Amended and Restated Equity Incentive Plan."
Annual Meeting financial
"vest on the date immediately preceding the first Annual Meeting following the Date of Grant"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did Synopsys (SNPS) director Bruce R. Chizen report?
Bruce R. Chizen reported receiving an automatic equity award of 453 Synopsys common shares. The grant was a compensation award under the company’s Amended and Restated Equity Incentive Plan, rather than an open‑market stock purchase or sale.
What are the vesting terms of Bruce R. Chizen’s new Synopsys (SNPS) stock award?
The 453-share award will vest immediately before the first Annual Meeting following the grant date. Vesting is conditioned on Chizen’s continued service on the Synopsys Board through that date, linking the award to ongoing director responsibilities.
Under which plan was the Synopsys (SNPS) director stock grant made?
The award was granted automatically under Synopsys’ Amended and Restated Equity Incentive Plan. This plan governs equity-based compensation for eligible participants, including non-employee directors, using stock awards instead of solely relying on cash fees.