Form 4: Cadence Design Systems Executive Stock Transaction
Statement of Changes in Beneficial Ownership
Senior Vice President Paul Scannell executed a routine sale and tax-related withholding of Cadence Design Systems common stock.
Summary
- Paul Scannell, Senior Vice President at Cadence Design Systems, reported two transactions involving common stock.
- On May 15, 2026, 75 shares were withheld at $347.24 per share to satisfy tax obligations related to the vesting of a Restricted Stock Award.
- On May 18, 2026, 1,071 shares were sold at an average price of $345.06 per share.
- Following these transactions, the reporting person maintains beneficial ownership of 32,181 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transactions are routine administrative actions by an executive.
Positives
- The sale was conducted under a pre-established Rule 10b5-1 trading plan, indicating the transaction was planned in advance rather than based on immediate market sentiment.
Negatives
- The transaction represents a reduction in the executive's direct equity stake in the company.
Risks
- None identified; this is a standard regulatory disclosure of executive equity movement.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales under 10b5-1 plans are standard industry practice for liquidity and tax management and generally do not signal a change in corporate strategy or outlook.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the standard mechanism for corporate insiders at major technology firms like Synopsys or Ansys to manage equity holdings while avoiding potential insider trading concerns.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was pre-planned and represents a small portion of the executive's total holdings.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 09/09/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 05/15/2026 | Transaction date for tax withholding of 75 shares. |
| 05/18/2026 | Transaction date for sale of 1,071 shares. |
| 05/20/2026 | Date of filing. |
Keywords
Cadence Design Systems, CDNS, Insider Trading, Form 4, Equity Compensation, Rule 10b5-1
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