Form 4: Cadence Design Systems Executive Thomas P. Beckley Reports Stock Transaction

Thomas P. Beckley, a Senior Vice President at Cadence Design Systems, reports the disposal of 1,849 shares of common stock to cover tax obligations.

Summary

• On September 16, 2024, Thomas P. Beckley, a Senior Vice President of Cadence Design Systems Inc. (CDNS), disposed of 1,849 shares of common stock.
• The transaction was executed to satisfy tax obligations arising from the vesting of a Performance Stock Award.
• The price per share was $273.13.
• Following the transaction, Beckley directly owns 142,721 shares of Cadence Design Systems Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive to cover tax obligations.

Key Dates