Cadence Design Systems SVP Paul Cunningham Surrenders Shares for Tax Withholding
CADENCE DESIGN SYSTEMS INC
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Filing Summary
📋 Form 4 Filed for Cadence Design Systems Inc ($CDNS) Insider: Cunningham Paul (Sr. Vice President) Action: Tax Withholding (Code F) Shares Transacted: 1,181 @ $280.76 (~$331,578) Shares Remaining: 120,612 Significance: Low (Routine tax obligation disposition)
Comprehensive Analysis
Executive Summary
On September 21, 2026, Cadence Design Systems Inc ($CDNS) reported a transaction by Sr. Vice President Paul Cunningham. On September 17, 2026, 1,181 shares of Common Stock were withheld to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs). The disposition was executed at a price of $280.76 per share, totaling approximately $331,578.
Transaction Analysis
- Transaction Nature: The transaction is coded as 'F', signifying that shares were withheld automatically or voluntarily surrendered solely to satisfy tax obligations from an RSU vesting event.
- Significance: Because this was not an open-market sale or discretionary purchase, it carries low informational value regarding executive sentiment on the company's valuation.
- Ownership Posture: Following the disposition, Cunningham retains direct ownership of 120,612 shares of common stock, representing a strong ongoing equity stake in the company.
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