Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 95

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 95
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 |           | — |     | 1,015(6) |   |     |           | — |     |           | — |            |     |    575,566 |          |              |   |

(1) Represents possible cash award payouts for fiscal 2024 under the EIP. Cash awards paid to NEOs under the EIP are dependent on the achievement of certain performance targets, as well as the level of achievement. The amounts listed under the “Threshold” column represent the cash awards payable to NEOs under the EIP at a 90% average achievement of the Corporate Financial Goals described in the “Compensation Discussion and Analysis” section beginning on page 65under the subsection titled “Short-Term Cash Incentives” assuming the threshold payment goal was achieved. Under the pre-determined payout formula provided by the EIP, if the average achievement of the Corporate Financial Goals is below 90%, no cash awards are paid. Further, no payment will be made if the threshold payment goal is not achieved. The amounts listed under the “Target” column represent the cash awards payable in fiscal 2024 at a 100% average achievement of the Corporate Financial Goals. The amounts listed under the “Maximum” column represent the maximum cash awards payable, which for each NEO equals 225% of the NEO’s target variable cash incentive compensation. Actual cash awards paid to the NEOs for fiscal 2024 are reported in the “Summary Compensation Table” on page 84under the “Non-Equity Incentive Plan Compensation” column.

(2) Represents the fair value of the stock and option awards on the grant date, as computed in accordance with FASB ASC Topic 718. These amounts do not represent the actual value that may be realized by the NEO upon vesting, exercise or settlement of such awards. For information on the assumptions used to calculate the fair value of the stock and option awards, refer to Note 16 to the consolidated financial statements contained in our 2024 Annual Report on Form 10-K. See footnotes 2 and 3 of the Summary Compensation table on page 84for further information regarding the grant date fair value of the 2022 Annual PRSUs and 2023 Annual PRSUs, respectively.

(3) The amounts listed under the “Threshold” column for the 2024 Annual PRSUs represent the PRSUs eligible to vest if only the threshold of each of the Fiscal 2024 - 2026 CAGR Goal and the