Cadence (CDNS) SVP Paul Scannell Sells 112 Shares to Cover Taxes

What Happened
Paul Scannell, Senior Vice President at Cadence Design Systems (CDNS), had 112 shares withheld/disposed to satisfy tax obligations tied to the vesting of a restricted stock award. The shares were valued at $283.46 each for a total of $31,748, reported on a Form 4 covering the Feb 17, 2026 transaction (filed Feb 19, 2026). This was a tax-withholding disposition (transaction code F), not a market-driven purchase.

Key Details

• Transaction date: 2026-02-17; Price per share: $283.46; Total value: $31,748.32 (112 shares).
• Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting.
• Shares owned after transaction: not specified in the excerpt; filing notes that beneficial ownership figures include 70 shares acquired via the Employee Stock Purchase Plan on Jan 30, 2026.
• Filing: Form 4 filed Feb 19, 2026 — appears timely (within the typical 2-business-day window).
• Footnotes: F1 confirms shares were withheld for taxes from a Restricted Stock Award; F2 notes inclusion of 70 ESPP shares in beneficial ownership.

Context
Tax-withholding dispositions are routine when restricted shares vest; they represent withholding of shares to cover tax obligations rather than an active decision to sell additional shares. This filing does not by itself signal a change in the insider’s view of Cadence’s stock.