Cadence CEO Anirudh Devgan Sells 3,779 Shares for $1.1 Million

Key Points The transaction involved 3,779 shares with an estimated value of ~$1.1 million based on the weighted-average execution price of $280.76 per share. This disposition involved shares equal to 2% of the equity stake held directly by the executive prior to the filing. The transaction was executed entirely through direct tax withholding to satisfy obligations associated with the vesting of restricted stock units. Because this was a non-discretionary event for tax purposes, the move does not reflect a change in the executive's investment outlook or a shift in portfolio strategy. 10 stocks we like better than Cadence Design Systems › Anirudh Devgan, President and CEO of Cadence Design Systems, Inc.