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Cadence (CDNS) SVP awarded 13,386 RSUs and withholds 20,787 shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cadence Design Systems senior vice president Paul Cunningham reported equity compensation activity involving restricted stock units. On March 16, 2026, he received a grant of 13,386 shares of Cadence common stock as restricted stock units at a stated price of $0.00 per share.

On the same date, 20,787 shares of common stock were surrendered in three separate tax-withholding dispositions at prices between $292.72 and $293.75 per share to cover tax obligations from vesting performance-based and time-based awards. After these transactions, Cunningham directly held 86,736 Cadence shares.

Positive

  • None.

Negative

  • None.

Insights

Routine equity grant and tax-withholding, not an open-market trade.

Paul Cunningham, a senior vice president at Cadence Design Systems, reported a grant of 13,386 restricted stock units on March 16, 2026. This is compensation in stock form, recorded at a stated price of $0.00 per share, and does not reflect a market purchase.

The filing also shows 20,787 shares withheld in three transactions coded "F" at prices around $293 per share to satisfy tax obligations upon vesting of performance-based and other restricted awards. These are non-discretionary tax settlements rather than sales. After the activity, Cunningham directly owned 86,736 shares, so the net effect is a routine adjustment of his equity position rather than a directional bet on the stock.

Insider Cunningham Paul
Role Sr. Vice President
Type Security Shares Price Value
Tax Withholding Common Stock 16,598 $292.72 $4.86M
Tax Withholding Common Stock 1,827 $292.72 $535K
Grant/Award Common Stock 13,386 $0.00 --
Tax Withholding Common Stock 2,362 $293.75 $694K
Holdings After Transaction: Common Stock — 77,539 shares (Direct)
Footnotes (1)
  1. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards. Grant of Restricted Stock Units. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Units.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cunningham Paul
(Last)(First)(Middle)
2655 SEELY AVENUE
BUILDING 5
(Street)
SAN JOSE CALIFORNIA 95134
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CADENCE DESIGN SYSTEMS INC [ CDNS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/16/2026F16,598(1)D$292.7277,539D
Common Stock03/16/2026F1,827(2)D$292.7275,712D
Common Stock03/16/2026A13,386(3)A$089,098D
Common Stock03/16/2026F2,362(4)D$293.7586,736D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.
2. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards.
3. Grant of Restricted Stock Units.
4. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Units.
Remarks:
/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Cunningham03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Cadence Design Systems (CDNS) report for Paul Cunningham?

Cadence reported that senior vice president Paul Cunningham received a grant of 13,386 restricted stock units and had 20,787 shares withheld to cover tax obligations. All transactions occurred on March 16, 2026 and involved Cadence common stock.

Did Paul Cunningham buy or sell Cadence (CDNS) shares on the open market?

The filing does not show any open-market buys or sells. It reports a stock grant of 13,386 restricted stock units and tax-withholding dispositions totaling 20,787 shares, which were surrendered to cover taxes from vesting awards rather than discretionary market trades.

How many Cadence Design Systems (CDNS) shares were withheld for taxes in this Form 4?

A total of 20,787 shares of Cadence common stock were withheld in three transactions coded "F". Footnotes explain these shares satisfied tax obligations from vesting performance-based restricted stock units, performance-based incentive stock awards, and other restricted stock units.

What equity award did Paul Cunningham receive from Cadence Design Systems (CDNS)?

Paul Cunningham received a grant of 13,386 restricted stock units of Cadence common stock on March 16, 2026. The grant is recorded at a stated price of $0.00 per share, reflecting stock-based compensation rather than a purchase for cash in the market.

What are Paul Cunningham’s Cadence (CDNS) share holdings after these transactions?

Following the reported grant and tax-withholding dispositions, Paul Cunningham directly owns 86,736 shares of Cadence common stock. This post-transaction figure incorporates the new restricted stock unit grant and the shares surrendered to cover related tax liabilities.

What do the F and A transaction codes mean in the Cadence (CDNS) Form 4?

In this Form 4, code A indicates a grant or award acquisition of 13,386 restricted stock units. Code F denotes tax-withholding dispositions, where 20,787 shares were delivered back to satisfy tax liabilities from vesting stock-based awards.