Form 4: Cadence Design Systems Inc. Executive Paul Scannell Reports Stock Transaction

Senior Vice President Paul Scannell of Cadence Design Systems Inc. reports disposition of shares to cover tax obligations and acquisition through an employee stock purchase plan.

Summary

• On February 18, 2025, Paul Scannell, a Senior Vice President at Cadence Design Systems Inc., disposed of 281 shares of common stock to satisfy tax obligations related to the vesting of a restricted stock award.
• The transaction was executed at a price of $300.43 per share.
• Following the transaction, Scannell beneficially owns 14,147 shares of Cadence Design Systems Inc.
• This amount includes 110 shares acquired through the Employee Stock Purchase Plan on January 31, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and participation in an employee stock purchase plan.

Positives

• The reporting person participates in the Employee Stock Purchase Plan, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. 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 percentage of the total outstanding shares.

Key Dates

Keywords

Form 4, insider trading, stock transaction, Paul Scannell, Cadence Design Systems Inc., CDNS, beneficial ownership, securities