Cadence Design Systems SVP Paul Scannell Disposes Shares for Tax Withholding
CADENCE DESIGN SYSTEMS INC
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Filing Summary
📋 Form 4 Filed: Cadence Design Systems Inc ($CDNS) Insider: Paul Scannell (Sr. Vice President) Transaction: Disposed 937 shares at $280.76 ($263,072.12 total) via tax withholding (Code F) Post-Transaction Holdings: 30,783 shares Significance: Low (Routine tax obligation disposition upon RSU vesting)
Comprehensive Analysis
Transaction Overview
On September 17, 2026, Paul Scannell, Senior Vice President at Cadence Design Systems Inc ($CDNS), disposed of 937 shares of common stock at a price of $280.76 per share, representing a transaction value of approximately $263,072.12.
Transaction Mechanics & Context
- Transaction Code F: As noted in the filing footnotes, this transaction reflects shares withheld by the issuer to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Discretionary Status: This was an automatic, non-discretionary disposition rather than an open-market sale initiated at the insider's discretion.
- Holdings Impact: Following this tax withholding, Paul Scannell continues to directly hold 30,783 shares of CDNS common stock.
Market Interpretation
Because the transaction represents mandatory tax withholding upon equity award vesting, it does not reflect insider sentiment regarding the company's valuation or operational prospects. As a result, its trading significance is Low.
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Important Disclaimer
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