Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 74

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 74
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 strategic goals, cross-functional teamwork and collaboration, and more. The Compensation Committee’s consideration of these factors is reflected in actual cash incentive payments made under the EIP.

In determining the amount of each NEO’s actual cash incentive awards, the Compensation Committee reviewed the overall strength of our fiscal 2024 financial results, including achievement of record revenue of $6.127 billion, up approximately 15% year over year, while expanding our GAAP and non-GAAP operating margin and delivering double digit GAAP and non-GAAP EPS growth. The Compensation Committee also considered non-financial elements for fiscal 2024 as part of this determination. We made significant progress in fiscal 2024 to our silicon to systems strategy with the pending acquisition of Ansys, a leader in simulation and analysis, and sharpened our commitment to strategic portfolio management, including the sale of our Software Integrity Group and increased investments in our core design automation and IP businesses.

After reviewing the strength of our fiscal 2024 financial results and strategic achievements, as well as potential payments calculated by the EIP Payment Formula, the Compensation Committee determined that an upward adjustment to the EIP cash incentive payment amount was warranted. The Compensation Committee approved fiscal 2024 actual cash incentive payments under the EIP at 147.89% of target for all plan participants, on average, as a group, with actual payout amounts based in part on individual contributions.

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| PROPOSAL 4 — Advisory Vote to Approve Executive Compensation |

The table below shows the target fiscal 2024 EIP cash incentive payments, the cash incentive payments that would have been made based on the formulaic results described above, the maximum amount of cash incentive payments that would have been made based on achievement of our threshold payment goal, and the actual cash incentive payments that were made as a result of the Compensation Committee’s decisions discussed above.

| NEO                 |     |           | TARGET    
 CASH      
 INCENTIVE 
 PAYMENT   
 ($)       | CALCULATED  
 POTENTIAL   
 CASH        
 INCENTIVE   
 AMOUNT      
 BASED ON    
 PERFORMANCE 
 ACHIEVEMENT 
 (EQUAL TO   
 101.75% OF  
 TARGET)     
 ($)         |           |     | CALCULATED     
 POTENTIAL      
 MAXIMUM CASH   
 INCENTIVE      
 AMOUNT         
 BASED ON       
 ACHIEVEMENT OF 
 THRESHOLD      
 PAYMENT GOAL   
 (EQUAL TO 225% 
 OF TARGET)     
 ($)            |           |     |           | ACTUAL