Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 27

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 27
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 eleven months since the most recent annual meeting of stockholders, an “interim award” in the form of restricted stock with a grant date fair market value equal to a pro-rated portion of the annual award of $200,000, which vests on the date immediately preceding the first annual meeting following the date of grant.

#### 36
| Corporate Governance |

Annual Awards. For fiscal 2024, under the 2017 Directors Plan, each re-elected non-employee director was eligible to receive an annual award comprised of either a stock option grant, a restricted stock grant or a combination of both, as determined by our Board of Directors each year. The annual award in fiscal 2024, which was comprised solely of restricted stock, had a grant date fair market value equal to approximately $200,000. The annual restricted stock award vests on the date immediately preceding the first annual meeting following the date of grant, subject to continued Board service through such date. In the event of a change of control or similar transaction, the vesting of unvested grants will generally accelerate unless assumed by the successor company. Our Board of Directors received restricted stock for the annual award for fiscal 2024 and, as a result, we issued 356 shares of restricted stock to each non-employee director as noted below.

The following table sets forth a summary of the compensation paid to our non-employee directors for services in fiscal 2024:

| Name                |     | Fees Earned 
 or Paid in  
 Cash        
 ($)(1)      |     |             |     | Stock  
 Awards 
 ($)(2) |     |         |         |     | Option 
 Awards 
 ($)(3) |     |   |     |         | Total 
 ($)   |
| Luis Borgen         |     |             |     | 140,000(4)  |     |        |     |         | 199,798 |     |        |     | — |     | 339,798 |       |
| Marc N. Casper      |     |             |     | 135,000(5)  |     |        |     |         | 199,798 |     |        |     | — |     | 334,798 |       |
| Janice D. Chaffin   |     |             |     | 160,000(6)  |     |        |     |         | 199,798 |     |        |     | — |     | 359,798 |