Form 4: CDNS Exec Sells Shares for Tax Obligations
Insider Transaction Report
A Senior Vice President at Cadence Design Systems sold shares to cover tax obligations from restricted stock vesting.
Summary
- Paul Scannell, Senior Vice President at Cadence Design Systems Inc. (CDNS), disposed of shares of common stock.
- On August 15, 2025, 274 shares were disposed of at a price of $349.88 per share.
- On August 18, 2025, an additional 181 shares were disposed of at a price of $356.25 per share.
- These dispositions were specifically for the purpose of satisfying tax obligations arising from the vesting of Restricted Stock Awards.
- Following these transactions, Paul Scannell beneficially owns 26,589 shares of Cadence Design Systems common stock.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary share sales by an executive to cover tax obligations from restricted stock vesting, which is a neutral event and does not indicate a change in company fundamentals or executive sentiment.
Industry Context
This filing is a routine disclosure of an executive's share transactions for tax purposes and does not provide broader industry context or insights into Cadence Design Systems' market position or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 08/15/2025 | Date of disposition of 274 shares of common stock for tax obligations. |
| 08/18/2025 | Date of disposition of 181 shares of common stock for tax obligations. |
| 08/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Cadence Design Systems, CDNS, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation
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