Cadence Design Systems CEO Surrenders $695K in Shares for Tax Withholding
CADENCE DESIGN SYSTEMS INC
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Filing Summary
📋 Form 4 Filed for Cadence Design Systems Inc ($CDNS) Insider: Anirudh Devgan (President and CEO) Action: Disposition (Tax Withholding - Code F) Shares: 2,539 @ $273.96 (~$695,584.44) Shares Remaining: 250,980 Significance: Low (Mandatory tax withholding on vesting award)
Comprehensive Analysis
Overview
On September 17, 2026, Cadence Design Systems Inc ($CDNS) filed a Form 4 on behalf of President and CEO Anirudh Devgan, reporting a disposition of Common Stock on September 15, 2026.
Transaction Details
- Security: Common Stock
- Transaction Code: F (Payment of exercise price or tax liability by withholding securities)
- Shares Disposed: 2,539
- Price per Share: $273.96
- Total Value: $695,584.44
- Nature of Ownership: Direct
- Shares Owned After Transaction: 250,980
Analysis
As noted in the footnotes, the disposition represents shares withheld to satisfy tax withholding obligations triggered by the vesting of a Performance Stock Award. This is an administrative, non-discretionary transaction rather than an open-market sale, meaning it does not reflect a change in executive sentiment or outlook. Following this transaction, Mr. Devgan continues to hold a substantial direct stake of 250,980 shares.
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