Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 97

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 97
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                 567.06 |            |        | 12/12/2030                                              |                                                               | — |            |              |         — |                                                                                                     |                                                                                                                     | — |     |         — |     |   |
|                     |     | 12/12/2023                                                          |     |     — |                                                                       |               |     — |                       |            |      — |                        |            |      — |                                                         | 1,015(12)                                                     |   |            |              |   526,176 |                                                                                                     |                                                                                                                     | — |     |         — |     |   |
|                     |     | 12/12/2023                                                          |     |     — |                                                                       |               |     — |                       |            |      — |                        |            |      — |                                                         |                                                               | — |            |              |         — |                                                                                                     | 761(13)                                                                                                             |   |     |   394,502 |     |   |

(1) The market value of stock awards was determined by multiplying the number of unvested or unearned shares by the closing price of our common stock of $518.40 on November 1, 2024, the last trading day of fiscal 2024, as reported on the Nasdaq Global Select Market.

(2) Option vests as to 25% of the shares subject to the option on the one-year anniversary of the grant date and as to 6.25% of such shares per quarter thereafter, such that the entire award fully vested subsequent to fiscal year end on December 10, 2024, subject to the NEO providing continuous services to us.

(3) These restricted stock unit awards were eligible to vest in four equal annual installments upon achievement of pre-established performance goals, namely the achievement of $972 million of non-GAAP net income for fiscal 2021. This goal was achieved and, accordingly, 25% of the target awards vested on each of December 9, 2021, December 8, 2022, and December 8, 2023, respectively, and the remaining 25% vested subsequent to fiscal year end on December 8, 2024, subject to the NEO providing continuous services to us.

(4) This restricted stock unit award vested in four equal annual installments beginning on December 8, 2021, subject to the NEO providing continuous services to us.

(5) Option vests as to 25% of the shares