Cadence (CDNS) SVP Paul Scannell Withholds 181 Shares for Taxes

What Happened Paul Scannell, Senior Vice President of Cadence Design Systems (CDNS), had 181 shares withheld on August 17, 2026 to satisfy tax obligations arising from the vesting of a restricted stock award. The shares were valued at $323.47 each, totaling about $58,548. This is a tax-withholding disposition (not an open-market sale or a purchase) and is a routine administrative action rather than a directional trade.

Key Details

• Transaction date and price: 2026-08-17; 181 shares @ $323.47 each (total ≈ $58,548).
• Transaction type: F — shares withheld to satisfy tax obligations from vesting of Restricted Stock Award.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: 2026-08-19 (appears to be filed within the normal Form 4 reporting window).
• Footnote: F1 — "Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Award."

Context Tax-withholding dispositions are common when restricted stock vests; the company withholds a portion of shares to cover the insider's tax bill. These transactions generally do not signal buying or selling intent about the company's stock price, unlike open-market purchases or discretionary sales.