Cadence (CDNS) CFO John M. Wall Withholds 983 Shares for Taxes

What Happened

• John M. Wall, Senior Vice President & Chief Financial Officer of Cadence Design Systems (CDNS), had 983 shares withheld on 2026-09-15 to satisfy tax obligations arising from the vesting of a Performance Stock Award. The withholding value was 983 shares × $273.96 = $269,303. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (appears timely)
• Price per share: $273.96; shares withheld/disposed: 983; total value: $269,303
• Footnote: F1 — shares withheld to satisfy tax obligations from vesting of a Performance Stock Award
• Shares owned after transaction: not specified in the provided filing excerpt
• Transaction type: F (tax withholding upon vesting) — typically routine and not a market sale

Context

• This was a tax-withholding event related to an award vesting (a common, administrative disposition). Because shares were withheld to cover taxes rather than sold on the open market, this transaction is not a clear signal of the insider’s market view.