Form 4: Cadence Design Systems Executive Stock Tax Withholding

Cadence Design Systems Senior Vice President Paul Scannell disposed of 619 shares to satisfy tax obligations related to a stock award vesting.

Summary

• Senior Vice President Paul Scannell sold 619 shares of Cadence Design Systems common stock.
• The transaction occurred on May 6, 2026, at a price of $354.90 per share.
• The disposal was executed to satisfy tax withholding obligations resulting from the vesting of a Performance Stock Award.
• Following this transaction, the reporting person retains beneficial ownership of 33,327 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event, as the share disposal was strictly for tax compliance purposes.

Positives

• The transaction was a routine tax-related withholding rather than a discretionary market sale, indicating continued alignment with company equity.

Negatives

• Reduction in the total number of shares held by a senior executive.

Risks

• None identified; this is a standard administrative transaction.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that tax-related share withholdings are standard industry practice for executives receiving equity-based compensation and do not typically signal a change in management sentiment regarding company performance.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for equity compensation tax compliance consistent with major technology firms like Synopsys or Ansys.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding.

Key Dates

Keywords

Cadence Design Systems, CDNS, Form 4, Insider Trading, Tax Withholding, Equity Vesting