Glaser Shelagh 4

What Happened

Shelagh Glaser, Chief Financial Officer of Synopsys (SNPS), had 793 restricted stock units convert into 793 shares on March 15, 2026 (reported as derivative conversions, code M). Of those, 282 shares were retained/sold to cover tax withholding at $412.63 per share, generating a withholding amount of approximately $116,362 (reported as code F). The reported $0.00 price for the conversion reflects that these were RSU vesting conversions rather than a cash purchase.

Key Details

• Transaction date: March 15, 2026. Form 4 filed March 16, 2026 (timely).
• Conversion: 793 RSUs → 793 shares (code M) at $0.00 per share.
• Tax withholding: 282 shares withheld/disposed (code F) at $412.63 per share = $116,362.
• Shares owned after transaction: Not disclosed in the provided report.
• Footnotes: F1 confirms shares were retained by the company to satisfy the reporting person's tax withholding and the retained amount was not in excess of the tax liability; F2 notes each stock unit converts into one share; F3 describes the RSU vesting schedule (25% on the date shown, then three equal annual installments).
• Filing timeliness: Report appears timely (filed one day after the transaction).

Context

This was a routine RSU vesting event with a sell-to-cover (tax withholding) rather than an open-market sale or purchase. Code M denotes a derivative conversion (RSUs converting into common shares); code F denotes shares withheld to pay taxes. Such withholdings are standard for vested equity and do not, by themselves, indicate a change in insider sentiment.