Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 84

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 84
---
 Group Comparisons

Our Compensation Committee reviews compensation data from a specific group of companies that are similar in scale and organizational complexity in considering the compensation of our NEOs. In mid-fiscal 2023, the Compensation Committee selected peer group companies for fiscal 2024 with an emphasis on companies that (1) were business or labor market competitors in the semiconductor and software industries; (2) generated annual revenues between approximately 0.5 and 2.5 times Synopsys’ revenue (approximately $2.5 billion to $12.5 billion as of mid-fiscal 2023); and (3) had a market capitalization between approximately 0.5 and 3.0 times Synopsys’ market capitalization (approximately $20.0 billion to $120.0 billion as of mid-fiscal 2023). Our peer group for fiscal 2024 was as follows:

| FISCAL 2024 PEER GROUP       |     |                               |
| Akamai Technologies, Inc.    |     | KLA Corporation               |
| Analog Devices, Inc.         |     | Marvell Technology Group Ltd. |
| Autodesk, Inc.               |     | Microchip Technology Inc.     |
| Cadence Design Systems, Inc. |     | NetApp, Inc.                  |
| CrowdStrike Holdings, Inc.   |     | Open Text Corporation         |
| Electronic Arts Inc.         |     | Palo Alto Networks Inc.       |
| Fortinet, Inc.               |     | ServiceNow, Inc.              |
| Intuit Inc.                  |     | Splunk Inc.                   |
| Keysight Technologies Inc.   |     | Workday Inc.                  |

CrowdStrike Holdings, Inc. and Electronic Arts Inc. were added to our fiscal 2024 peer group because they meet the financial criteria set forth above and were considered high-growth software peers. Ansys was removed from our fiscal 2024 peer group because they no longer met the financial criteria set forth above.

The Compensation Committee uses peer group comparisons to measure the competitiveness of our compensation practices. Pay at comparable companies is just one of the factors in the Compensation Committee’s pay decisions. The Compensation Committee also accounts for individual performance, an NEO’s level of experience and responsibilities, internal pay equity, the Company’s compensation budget, historical compensation levels, and other factors that are deemed to be important based on the Compensation Committee’s reasonable judgment.

ShareOwnership Guidelines

We maintain share ownership guidelines, which provide that individuals employed in specified positions