Cadence (CDNS) Director Chew Lewis Receives Restricted Stock Award

What Happened

• Chew Lewis, a director of Cadence Design Systems (CDNS), was granted 714 restricted shares on 2026-05-07. The Form 4 reports the acquisition as an award (transaction code A) at a reported price of $0.00 (total reported consideration $0.00). This is a compensatory restricted stock award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Filing date: 2026-05-11 (Form 4 accession 0000813672-26-000064)
• Security: Common stock — 714 shares acquired; Reported price: $0.00; Transaction code: A (award/grant)
• Shares owned after transaction: Not specified in the information provided in this summary
• Footnote: These restricted shares “fully vest on the earlier to occur of (i) the first anniversary of the Grant Date and (ii) the date of the next Annual Meeting of Stockholders that follows the Grant Date.” (Footnote F1)
• No indication here of a 10b5-1 plan, sale, option exercise, gift, or tax-withholding event in the provided filing excerpt.

Context

• Restricted stock awards are a common form of director compensation and are typically granted subject to vesting conditions; the $0 reported consideration reflects the award nature rather than a market valuation. Such grants are routine and do not by themselves signal a director’s buying or selling preference for the company’s stock.