Form 4: Cadence Design Systems CFO John M. Wall Reports Tax-Related Stock Disposal
SEC Form 4
John M. Wall, CFO of Cadence Design Systems, disposed of 2,776 shares of common stock on September 16, 2024, to cover tax obligations related to vesting of a Performance Stock Award.
Summary
- On September 16, 2024, John M. Wall, the Senior Vice President and CFO of Cadence Design Systems Inc. (CDNS), disposed of 2,776 shares of common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting of a Performance Stock Award.
- The shares were disposed of at a price of $273.13 per share.
- Following the transaction, Wall directly owns 35,878 shares of Cadence Design Systems Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to stock awards.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock awards vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of stock disposal transaction. |
| 09/18/2024 | Date of signature on the Form 4 filing. |
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