Form 4: Cadence SVP Scannell's Tax Withholding on Stock Vest

Cadence Design Systems' Senior Vice President Paul Scannell reported a disposition of 619 common shares to cover tax obligations from a performance stock award vesting.

Summary

• Paul Scannell, Senior Vice President of Cadence Design Systems Inc. (CDNS), reported a transaction on November 6, 2025.
• The transaction involved the disposition of 619 shares of common stock.
• These shares were withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award.
• The shares were disposed of at a price of $324.45 per share.
• Following this transaction, Scannell beneficially owns 25,970 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to executive compensation, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all publicly traded companies. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not a sale for personal gain or a significant change in ownership stake.

Key Dates

Keywords

Cadence Design Systems, CDNS, Paul Scannell, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Performance Stock Award