Paul Cunningham - 15 Mar 2023 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 2023
Net transactions value
-$1,473,547
Form type
4
Filing time
17 Mar 2023, 17:57:51 UTC
Previous filing
01 Mar 2023
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Award $0 +12,525 +14% $0.000000 104,385 15 Mar 2022 Direct F1
transaction CDNS Common Stock Tax liability $389,442 -1,919 -1.8% $202.94 102,466 15 Mar 2022 Direct F2
transaction CDNS Common Stock Tax liability $1,084,105 -5,342 -5.2% $202.94 97,124 16 Mar 2022 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 +18,426 $0.000000 18,426 15 Mar 2023 Common Stock 18,426 $202.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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