Cadence (CDNS) Sr. VP Paul Scannell Sells 937 Shares

What Happened
Paul Scannell, Senior Vice President at Cadence Design Systems (CDNS), had 937 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units (RSUs). The withholding price was $280.76 per share, resulting in a disposition value of roughly $263,072 on September 17, 2026. This was a tax-withholding disposal (routine) tied to RSU vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-09-17; filing date (Form 4): 2026-09-21 (filed timely).
• Shares withheld/disposed: 937 shares at $280.76 per share; total ≈ $263,072.
• Transaction code: F (shares withheld to satisfy tax obligations). Footnote F1: "Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Unit."
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
Tax-withholding dispositions are common when equity awards vest: the company retains (or sells) a portion of the shares to cover required taxes. These transactions are administrative and do not necessarily indicate an insider’s intent to reduce their investment exposure.