Cadence (CDNS) CEO Anirudh Devgan Withholds 2,539 Shares for Taxes

What Happened

• Anirudh Devgan, President & CEO and Director of Cadence Design Systems (CDNS), had 2,539 shares withheld on 2026-09-15 to satisfy tax obligations related to the vesting of a Performance Stock Award. The withholding price was $273.96 per share, totaling roughly $695,584. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (filed two days after the transaction).
• Price per share: $273.96; total value of shares withheld: approximately $695,584.
• Shares withheld/disposed: 2,539.
• Footnote: F1 — Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a tax-withholding action tied to the vesting of a performance award (a common administrative step) rather than a discretionary sale; such withholdings are routine and don’t necessarily indicate the insider’s view on the stock.