WALL JOHN M 4

4 · CADENCE DESIGN SYSTEMS INC · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 21, 2026

Cadence (CDNS) CFO John Wall Receives Award; Shares Withheld for Taxes

What Happened

John M. Wall, Senior Vice President & Chief Financial Officer of Cadence Design Systems (CDNS), received performance-based restricted stock unit (RSU) awards on 2026-03-18 totaling 51,655 shares (43,239 + 8,416). These awards were reported as acquisitions at $0.00 per share. To satisfy tax withholding obligations on the vesting, 4,239 shares were disposed (withheld) at an attributable value of $289.64 per share, totaling $1,227,784.

Key Details

Transaction date: 2026-03-18; Form 4 filed 2026-03-20 (no late filing indicated).
Awards: 43,239 RSUs (footnote F1 — performance criteria met) and 8,416 RSUs (footnote F2 — performance criteria met; vests in three equal annual installments subject to service).
Tax withholding: 4,239 shares withheld to satisfy tax liability (code F; footnote F3), disposed at $289.64/share for $1,227,784.
Shares owned after transaction: not specified in the filing.
Transaction codes: A = Award/Grant (acquisitions); F = tax withholding (disposition).

Context

These were grants of performance-based RSUs that met their performance conditions. One grant includes a multi-year vesting schedule (three equal annual installments).
The 4,239-share disposition was a shares-withheld tax payment (administrative), not an open-market sale — a routine step when RSUs vest and taxes are due.
Such award vestings and associated withholdings are common and do not, by themselves, indicate insider sentiment about the stock.

Form 4

Period: 2026-03-18

Sr. VP & CFO

Transactions

Award
Common Stock
[F1]
2026-03-18+43,239→ 104,198 total
Award
Common Stock
[F2]
2026-03-18+8,416→ 112,614 total
Tax Payment
Common Stock
[F3]
2026-03-18$289.64/sh−4,239$1,227,784→ 108,375 total

Footnotes (3)

[F1]Represents Performance-Based Restricted Stock Units that have met the performance criteria.
[F2]Represents Performance-Based Restricted Stock Units that have met the performance criteria, which vest in three equal annual installments on the first, second and third anniversaries of the grant date subject to continued service.
[F3]Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.

Signature

/s/ Ahalya Hildreth, Attorney-in-Fact for John M. Wall|2026-03-20

1 file