Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 34

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 34
---
 by Synopsys(3) |     |       3,204 |             |
| Stock Options Cancelled                        |     |      41,844 |             |
| Restricted Stock Units Cancelled(4)            |     |     453,823 |             |
| Restricted Stock Awards Cancelled              |     |           — |             |
| Weighted-Average Common Stock Outstanding      |     | 153,137,988 |             |
| Common Stock Outstanding at Fiscal Year End    |     | 154,112,334 |             |

(1) Granted under the 2006 Employee Plan.

(2) Granted under the 2006 Employee Plan, and represents the actual number of restricted stock units (both performance-based (66,241 underlying shares, assuming target performance, and 33,921 additional shares granted for overachievement of target performance in December 2023) and time-based (1,499,362 underlying shares)) granted, prior to the application of the fungible share reserve ratio.

(3) Granted under the 2017 Directors Plan, which does not contain a fungible share reserve ratio. Represents the actual number of restricted stock awards granted.

(4) Represents the actual number of restricted stock units (both performance-based and time-based) cancelled, prior to the reverse application of the fungible share reserve ratio.

For more information regarding shares of Synopsys common stock that may be issued upon the exercise of options, warrants and other rights granted to employees, consultants or members of our Board of Directors under all of our equity compensation plans as of fiscal year end, please see “Equity Compensation Plan Information” beginning on page 99.

Description of the 2006 Employee Plan

As further described in this Proposal 2, the 2006 Employee Plan is being amended to, among other things, provide for the increase the number of shares reserved for issuance under the 2006 Employee Plan by 1,600,000 shares to allow Synopsys to continue to make equity grants, conform the 2006 Employee Plan to our non-GAAP financial measures practices and compensation recovery policy, and remove certain references to Section 162(m) of the Code that are no longer applicable .

The key terms and provisions of the 2006 Employee Plan are summarized below. The following summary of the 2006 Employee Plan does not purport to be a complete description of the 2006 Employee Plan and is qualified in its entirety by reference to the complete text of the 2006 Employee Plan, a