Cadence (CDNS) SVP Paul Scannell Withholds 619 Shares for Taxes

What Happened
Paul Scannell, Senior Vice President of Cadence Design Systems (CDNS), had 619 shares withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award. The shares were valued at $354.90 each, for a total of $219,683. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-08 (filed within the typical 2-business-day Form 4 window).
• Price per share: $354.90; Shares withheld/disposed: 619; Total value: $219,683.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — shares withheld to satisfy tax obligations arising out of vesting of a Performance Stock Award.
• Transaction type: tax withholding (routine disposition), not a buy signal (code F).

Context
This was a routine tax-withholding event related to equity vesting (a common occurrence when restricted or performance shares vest). Such withholdings are administrative and do not necessarily indicate the insider’s market view.