Scannell Paul 4

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.