Cadence (CDNS) Director Luc Van den Hove Receives 714-Share Award

What Happened

• Luc Van den Hove, a director of Cadence Design Systems (CDNS), received a grant of 714 restricted stock units (RSUs) on 2026-05-07. The units were reported as an award (transaction code A) with no cash paid (price reported as $0.00).

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (timely filing).
• Amount: 714 RSUs; reported acquisition price: $0.00 (award, not an open‑market purchase).
• Shares owned after the transaction: not specified in this Form 4.
• Footnote: The RSUs fully vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next Annual Meeting of Stockholders following the grant date.
• Transaction code: A = Award/Grant.

Context

• RSUs are a form of equity compensation; no cash changed hands at grant and the units convert to shares only upon vesting per the stated schedule.
• Awards like this are common for directors and employees as compensation; they do not by themselves indicate a buy/sell sentiment but do increase potential future share holdings upon vesting.