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    Sassine Ghazi

    President and CEO at Synopsys Inc
    Board
    Since January 1, 2024
    Age
    54 years
    Education
    Holds a bachelor's degree in Business Administration from Lebanese American University, a B.S.E.E. from the Georgia Institute of Technology, and an M.S.E.E. from the University of Tennessee.
    Tenure
    Joined Synopsys in March 1998 as an applications engineer, progressed through roles in sales and leadership including General Manager for digital and custom products, Chief Operating Officer from August 2020, President in November 2021, and ultimately became President and CEO on January 1, 2024.

    Also at Synopsys Inc

    JFRJ
    John F. Runkel, Jr.
    General Counsel and Secretary
    RM
    Richard Mahoney
    Chief Revenue Officer (CRO)
    SG
    Shelagh Glaser
    Chief Financial Officer (CFO)

    About

    Sassine Ghazi began his career in the semiconductor industry after obtaining a strong educational foundation in business and electrical engineering, starting out as a design engineer at Intel Corporation.

    He joined Synopsys in March 1998 as an applications engineer and steadily advanced through a variety of roles, including key sales positions and leading the largest business group in the company.

    Throughout his tenure at Synopsys, he has demonstrated exceptional leadership and a commitment to operational excellence, transitioning through roles as Chief Operating Officer from August 2020, President in November 2021, and ultimately assuming the role of President and CEO on January 1, 2024, thereby guiding Synopsys into its next phase of growth and innovation.

    $SNPS Performance Under Sassine Ghazi

    Past Roles

    Organization [Citation]Role [Citation]Date Range [Citation]Details [Citation]
    Synopsys Chief Operating Officer (COO) August 2020 - January 2024 Held before becoming President & CEO
    Synopsys General Manager for Digital and Custom Products N/A Led the largest business group in Synopsys prior to his appointment as COO
    Synopsys Leadership of Worldwide Strategic Accounts N/A Held a series of sales positions with increasing responsibility culminating in this role
    Synopsys Applications Engineer March 1998 - N/A Joined Synopsys as an Applications Engineer
    Intel Corporation Design Engineer N/A Worked as a design engineer before joining Synopsys

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$840,000 Annual34.4% increase from 2023 base salary of $625,000; promotion to CEO; set at the 25th percentile for peer roles
    All Other Compensation$4,500 AnnualIncludes 401(k) plan contributions and general employee benefits; no executive-specific perquisites

    Performance Compensation

    Data from  FY 2024

    Annual Cash Incentive Payment (EIP)

    Metric [Unit]Value
    Target Amount ($, Annual)$1,680,000
    Threshold Requirement (Non-GAAP Margin %)26.95 (70.0% of target)
    Maximum Payout ($, Annual)$3,780,000
    Performance Weights (Revenue : Margin)60% : 40%
    Evaluation CriterionMinimum 90% weighted average achievement
    Actual Payout Adjustment Factor147.89% of target

    Equity Awards

    ComponentThreshold (Shares/Units)Target (Shares/Units)Maximum (Shares/Units)Vesting ScheduleGrant Details
    Performance-Based RSUs (PRSUs)10,251 27,334 51,252 Vests 100% after a three-year performance period upon certification Grant Date: Dec 12, 2023; Fair Value: $16,408,327 ; Stock Price: $567.06
    OptionsN/A20,508 options N/AVest over four years: 25% vesting on one-year anniversary, then quarterly vesting Grant Date: Dec 12, 2023; Exercise Price: $567.06 ; Fair Value: $3,750,111
    Restricted Stock Units (RSUs)N/A6,614 N/AVest in four equal annual installments Grant Date: Dec 12, 2023; Fair Value: $3,750,535

    Additional Performance Metrics for Equity Awards:

    • PRSUs are subject to revenue CAGR and rTSR modifier requirements, where achievement levels adjust the number of PRSUs earned.