Thomas P. Beckley - 15 Mar 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Sr. Vice President
Signature
Ahalya Hildreth, Attorney-in-Fact for Thomas Beckley
Issuer symbol
CDNS
Transactions as of
15 Mar 2023
Net transactions value
-$2,591,950
Form type
4
Filing time
17 Mar 2023, 18:04:38 UTC
Previous filing
01 Mar 2023
Next filing
22 May 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 +5.9% $0.000000 223,761 15 Mar 2023 Direct F1
transaction CDNS Common Stock Tax liability $370,974 -1,828 -0.82% $202.94 221,993 15 Mar 2023 Direct F2
transaction CDNS Common Stock Tax liability $2,220,975 -10,944 -4.9% $202.94 210,989 16 Mar 2023 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 2022 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.