Cadence (CDNS) Sr. VP Teng Chin-Chi Withholds 793 Shares for Taxes

What Happened

• Teng Chin-Chi, Senior Vice President of Cadence Design Systems (CDNS), had 793 shares withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award. The shares were valued at $273.96 each, totaling approximately $217,250. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-17 (filed within the typical 2-business-day window).
• Shares withheld/disposed: 793 at $273.96 per share; total value ≈ $217,250.
• Transaction code: F — withholding to satisfy tax obligations on a vesting award (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 related to a vested equity award (a routine administrative action), not an active market sale that signals a trading decision. Such withholdings are common when restricted or performance shares vest and do not necessarily indicate the insider’s view on the company’s stock.