Form 4: Cadence Design Systems Director Ita M. Brennan Reports Acquisition and Disposal of Common Stock

Director Ita M. Brennan reports changes in beneficial ownership of Cadence Design Systems Inc. common stock, including acquisition of 779 shares and disposal of an unspecified amount.

Summary

• On May 8, 2025, Ita M. Brennan, a director of Cadence Design Systems Inc., reported acquiring 779 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Brennan also disposed of an unspecified amount of common stock.
• Following these transactions, Brennan beneficially owns 8,190 shares of Cadence Design Systems Inc. common stock.
• The reported transactions also relate to a restricted stock award that fully vests on the earlier of the first anniversary of the grant date or the date of the next Annual Meeting of Stockholders following the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

beneficial ownership, Form 4, Cadence Design Systems, CDNS, Ita M. Brennan, director, stock acquisition, stock disposal, restricted stock award