Cadence (CDNS) CFO John M. Wall Withholds 1,433 Shares for Taxes

What Happened
John M. Wall, Senior Vice President and Chief Financial Officer of Cadence Design Systems (CDNS), had 1,433 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units. The withholding was reported at $280.76 per share, equal to approximately $402,329. This was a tax-withholding disposition (not an open-market sale or purchase) and is a routine administrative transaction tied to RSU vesting.

Key Details

• Transaction date: 2026-09-17; Filing date (Form 4): 2026-09-21 (timely filing).
• Price used for withholding: $280.76 per share.
• Shares withheld / disposed: 1,433 shares; total value ≈ $402,329.
• Footnote: F1 — shares withheld to satisfy tax obligations from RSU vesting.
• Shares owned after transaction: not disclosed in the provided filing.
• Transaction code: F (tax withholding) — different from a sale (S) or purchase (P).

Context
Withholding shares to cover taxes on vested RSUs is a common, routine insider action and does not necessarily signal the insider’s view of the company’s stock. Code F indicates the shares were retained by the company/broker to cover withholding, not sold in an open market.