Paul Cunningham - 15 Mar 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Sr. Vice President
Signature
Ahalya Hildreth, Attorney-in-Fact for Paul Cunningham
Issuer symbol
CDNS
Transactions as of
15 Mar 2024
Net transactions value
-$7,284,025
Form type
4
Filing time
19 Mar 2024, 18:21:33 UTC
Previous filing
05 Mar 2024
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability $7,284,025 -24,407 -29% $298.44 59,539 15 Mar 2024 Direct F1
transaction CDNS Common Stock Award $0 +9,605 +16% $0.000000 69,144 15 Mar 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CDNS Non-Qualified Stock Option (right to buy) Award $0 +14,135 $0.000000 14,135 15 Mar 2024 Common Stock 14,135 $298.44 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
F2 Grant of Performance-Based Incentive Stock Award.
F3 Option vests at a rate of 1/48th per month.