Taxay Marc 4

What Happened Marc Taxay, Senior Vice President and General Counsel at Cadence Design Systems (CDNS), received a grant of 8,366 restricted stock units (RSUs) on March 16, 2026. The Form 4 lists the acquisition as code “A” (award/grant) at $0.00 per share (typical for RSU grants), so no cash was paid at grant.

Key Details

• Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-18 (filed two days after the grant, which appears timely under SEC 2-business-day rules).
• Transaction type/code: A = Award/Grant (restricted stock units). Footnote F1: "Grant of Restricted Stock Units."
• Shares acquired: 8,366 RSUs; price reported: $0.00 (award, not a purchase).
• Shares owned after transaction: not specified in the provided filing details.
• No sale or exercise occurred—this is a compensation award, not an open-market buy or sell.

Context RSUs are typically compensation that convert to shares if and when they vest; they do not represent an immediate cash purchase or sale and may vest over time or subject to conditions. Such grants are common for executives and reflect company compensation practices rather than a direct bullish or bearish trading signal.