Form 4: Cadence Design Systems: Executive Paul Scannell Reports Stock Transaction
SEC Form 4 Filing
Paul Scannell, a Senior Vice President at Cadence Design Systems, reports a transaction involving common stock to cover tax obligations.
Summary
- Paul Scannell, a Senior Vice President at Cadence Design Systems, filed a Form 4 with the SEC.
- The filing reports a transaction on August 19, 2024, where 181 shares of common stock were disposed of at a price of $281.96.
- This disposal was to satisfy tax obligations arising from the vesting of a Restricted Stock Award.
- Following the transaction, Scannell directly owns 17,772 shares of Cadence Design Systems common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into insider transactions, allowing investors to track the buying and selling activity of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock transaction (disposal of shares). |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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