Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 83

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 83
---
 pre-established goals. Our Compensation Committee made these adjustments to reflect Mr. Ghazi's continued growth as our CEO, ensure the Target TDC was within competitive norms, emphasize performance-based compensation and strengthen the retention power for Mr. Ghazi. Following such adjustment, Mr. Ghazi's target equity compensation was positioned around the 50th percentile for equivalent roles at our peers.

• Dr. de Geus received a Target TDC decrease of approximately 41% in fiscal 2025 compared to fiscal 2024. The change in Dr. de Geus' Target TDC reflects an approximate 69% decrease in his base salary and an approximate 38% decrease in his target equity compensation. These adjustments reflect the Compensation Committee's continued review of Dr. de Geus' compensation as the executive chair of our Board of Directors, the evolution of Dr. de Geus' role and the transition of chief executive officer responsibilities to Mr. Ghazi.

The Compensation Committee made no material changes to our other NEOs' compensation for fiscal 2025.

#### 78
| PROPOSAL 4 — Advisory Vote to Approve Executive Compensation |

#### Our Compensation Decision-making Process
| ROLE OF        
 COMPENSATION   
 AND            
 ORGANIZATIONAL 
 DEVELOPMENT    
 COMMITTEE      |     | •Our Compensation Committee is responsible for determining NEO compensation and meets regularly throughout the year to review and discuss, among other items, our compensation philosophy and compensation programs, changes in compensation governance, compliance rules and best practices, and the composition of our peer group for pay comparisons. 
 •Prior to approving target compensation levels for the upcoming fiscal year, our Compensation Committee reviews tally sheets for each NEO to review how each core element of compensation relates to other elements and to total pay.                                                                                                                    |

| ROLE OF                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 COMMITTEE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 CONSULTANT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | •Our Compensation Committee directly retained the services of Aon as its independent compensation consultant for fiscal 2024.                                                                                                                                                                                              
 •The Compensation Committee conducts an annual assessment of its consultant’s performance and re-appoints its consultant each year.                                                                                                                                                                                        
 •The Compensation Committee assessed the independence of Aon pursuant to the Nasdaq Listing Standards and applicable federal securities laws and concluded that Aon is independent and that no conflict of interest exists that would prevent Aon from serving as an independent consultant to the Compensation Committee. |
| In fiscal 2024, the Compensation Committee services provided by A