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, reported the disposal of 159 shares of common stock to cover tax obligations.
Summary
- Paul Scannell, a Senior Vice President of Cadence Design Systems, filed a Form 4 with the SEC.
- The form reports a transaction that occurred on May 15, 2025, where 159 shares of common stock were disposed of at a price of $318.77 per share.
- This disposal was to satisfy tax obligations related to the vesting of a Restricted Stock Award.
- Following the transaction, Scannell directly owns 27,044 shares of Cadence Design Systems stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine SEC filing related to stock transactions by a company executive, which is common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock transaction (disposal of shares). |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SEC Filing, Cadence Design Systems, Paul Scannell, Stock Transaction, Beneficial Ownership, CDNS
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