Form 4: Cadence Design Systems Executive Paul Scannell Reports Stock Transactions

Paul Scannell, a Senior Vice President at Cadence Design Systems, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• On March 17, 2025, Paul Scannell, a Senior Vice President at Cadence Design Systems, reported transactions involving the company's stock.
• Scannell acquired 7,425 shares of common stock and 14,295 restricted stock units.
• He also disposed of 2,715 shares to cover tax obligations related to the vesting of performance-based restricted stock units at a price of $255.11.
• Following these transactions, Scannell beneficially owns 33,152 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the actions of a key executive at Cadence Design Systems.

Stakeholder Impact

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

Key Dates

Keywords

Cadence Design Systems, CDNS, Paul Scannell, Stock Transactions, Form 4, Restricted Stock Units, Beneficial Ownership