WALL JOHN M 4

What Happened

• John M. Wall, Senior Vice President & Chief Financial Officer of Cadence Design Systems (CDNS), received performance-based restricted stock unit (RSU) awards on 2026-03-18 totaling 51,655 shares (43,239 + 8,416). These awards were reported as acquisitions at $0.00 per share. To satisfy tax withholding obligations on the vesting, 4,239 shares were disposed (withheld) at an attributable value of $289.64 per share, totaling $1,227,784.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-20 (no late filing indicated).
• Awards: 43,239 RSUs (footnote F1 — performance criteria met) and 8,416 RSUs (footnote F2 — performance criteria met; vests in three equal annual installments subject to service).
• Tax withholding: 4,239 shares withheld to satisfy tax liability (code F; footnote F3), disposed at $289.64/share for $1,227,784.
• Shares owned after transaction: not specified in the filing.
• Transaction codes: A = Award/Grant (acquisitions); F = tax withholding (disposition).

Context

• These were grants of performance-based RSUs that met their performance conditions. One grant includes a multi-year vesting schedule (three equal annual installments).
• The 4,239-share disposition was a shares-withheld tax payment (administrative), not an open-market sale — a routine step when RSUs vest and taxes are due.
• Such award vestings and associated withholdings are common and do not, by themselves, indicate insider sentiment about the stock.