Cadence Design Systems CEO Surrenders $1.06M in Shares for Tax Obligations
CADENCE DESIGN SYSTEMS INC
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Filing Summary
Cadence Design Systems Inc ($CDNS) Insider: Anirudh Devgan (President and CEO, Director) Action: Disposition (Tax Withholding - Code F) Shares Transacted: 3,779 @ $280.76 (~$1.06M) Shares Remaining: 247,201 Significance: Low (Mandatory tax withholding on RSU vesting)
Comprehensive Analysis
Executive Summary
On September 17, 2026, Anirudh Devgan, President and Chief Executive Officer of Cadence Design Systems Inc ($CDNS), disposed of 3,779 shares of common stock at a price of $280.76 per share, totaling approximately $1,060,992.04.
Transaction Details
- Security: Common Stock
- Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
- Nature of Filing: The shares were withheld by the issuer to satisfy statutory tax withholding obligations resulting from the vesting of Restricted Stock Units (RSUs).
- Ownership After Transaction: Following the transaction, Devgan continues to hold 247,201 shares directly.
Market & Trading Significance
This transaction carries Low trading significance. Transactions coded 'F' are non-discretionary tax-withholding events typical of executive equity vesting schedules, rather than open-market discretionary sales reflecting an insider's sentiment toward future company performance.
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Important Disclaimer
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