Synopsys discloses CEO compensation for Ghazi ($840k base, $15M FY24 equity); de Geus ($725k base, $8M FY24 equity)

SYNOPSYS INC

Ghazi becomes CEO on Jan 1, 2024; base salary $840k, target bonus 200% of base.
Ghazi receives promotion PRSUs ($8M) and FY24 equity: $7.5M PRSUs, $3.75M RSUs, $3.75M NQSO.
de Geus becomes Executive Chairperson with base salary $725k and FY24 equity: $4M PRSUs, $2M RSUs, $2M NQSO.
Ghazi severance: non-CIC = 150% base + bonus + COBRA + 12-mo vest; CIC = 200% base + 200% target + full vest.
de Geus severance: CIC only = 200% base + 200% most recent target + COBRA + full vest.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Aart J. de Geus

Executive Chairperson

SNPS · SYNOPSYS INC

Effective: 2024-01-01
Successor: Sassine Ghazi
Filed: December 21, 2023, 6:59 PM ET

and appointed Dr. de Geus to the role of Executive Chairperson of the Board

Role change

Sassine Ghazi

President and Chief Executive Officer

SNPS · SYNOPSYS INC

Effective: 2024-01-01
Filed: December 21, 2023, 6:59 PM ET

the Board promoted Mr. Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aart J. de Geus was appointed as Executive Chairperson at SYNOPSYS INC.

Action: appointed
Role: Executive Chairperson

Exact text from the filing

and appointed Dr. de Geus to the role of Executive Chairperson of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sassine Ghazi changed role as President and Chief Executive Officer at SYNOPSYS INC.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

the Board promoted Mr. Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer

View on SEC.gov

SYNOPSYS INC filing history →

Source: SEC EDGAR

accession 0001193125-23-301233

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