secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K/A
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301233
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523301233/0001193125-23-301233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523301233/d550426d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer