Young Sohn of Cadence (NASDAQ: CDNS) granted 714 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cadence Design Systems director Young Sohn received a stock award. On the reported date, Sohn acquired 714 shares of Cadence Design Systems common stock as a grant, at no cash cost per share. Following this award, Sohn directly holds 15,252 common shares.
The filing notes this restricted stock award will fully vest on the earlier of the first anniversary of the grant date or the next Annual Meeting of Stockholders after the grant date, tying the compensation to continued board service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SOHN YOUNG
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 714 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,252 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock award: 714 shares
Grant price: $0.00 per share
Post-transaction holdings: 15,252 shares
3 metrics
Restricted stock award
714 shares
Grant of Cadence Design Systems common stock
Grant price
$0.00 per share
Reported price for restricted stock award
Post-transaction holdings
15,252 shares
Direct common stock held by Young Sohn after grant
Key Terms
Restricted stock award, Annual Meeting of Stockholders, Common Stock
3 terms
Restricted stock award financial
"Restricted stock award fully vests on the earlier to occur of (i) the first anniversary of the Grant Date"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Annual Meeting of Stockholders regulatory
"the date of the next Annual Meeting of Stockholders that follows the Grant Date"
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Cadence Design Systems (CDNS) director Young Sohn report in this Form 4?
Young Sohn reported receiving 714 shares of Cadence Design Systems common stock as a restricted stock award. The grant carried a zero dollar price per share and increased Sohn’s direct holdings to 15,252 common shares after the transaction.
Is the Young Sohn stock transaction in CDNS an open-market purchase or a grant?
The transaction is a grant, not an open-market purchase. The Form 4 classifies it as a grant or award acquisition, with 714 shares of Cadence Design Systems common stock received at a reported price of $0.00 per share as equity compensation.
When does Young Sohn’s restricted stock award in CDNS vest?
The restricted stock award fully vests on the earlier of the first anniversary of the grant date or the next Annual Meeting of Stockholders after that date. This schedule links vesting to roughly one year of service or the upcoming shareholder meeting.
Does the Cadence Design Systems (CDNS) Form 4 indicate any stock sales by Young Sohn?
The Form 4 does not report any stock sales by Young Sohn. It shows a single acquisition transaction classified as a grant or award, covering 714 shares of common stock, with no dispositions or open-market sales listed in the filing.