Form 4: Cadence Design Systems Exec Teng Chin-Chi Reports Stock Transactions

Senior Vice President Teng Chin-Chi reports acquisition and disposal of Cadence Design Systems stock related to vesting of restricted stock units and performance-based incentive awards.

Summary

• On March 17, 2025, Chin-Chi Teng, a Senior Vice President at Cadence Design Systems, reported transactions involving the company's common stock.
• 3,720 shares were disposed of to satisfy tax obligations related to the vesting of Performance-Based Incentive Stock Awards at a price of $255.11.
• 36,611 Performance-Based Restricted Stock Units vested.
• 860 shares were disposed of to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria at a price of $255.11.
• 14,295 Restricted Stock Units were granted.
• Following these transactions, Teng directly owns 139,713 shares of Cadence Design Systems common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a normal part of corporate governance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates

Keywords

Cadence Design Systems, CDNS, Form 4, Stock Transactions, Insider Trading, Restricted Stock Units, Performance-Based Incentive Stock Awards, Teng Chin-Chi