Cadence Design Systems (CDNS) SVP granted performance-based stock awards

Cadence Design Systems’ SVP and General Counsel, Marc Taxay, received two performance-based restricted stock unit awards totaling 6,433 shares (973 and 5,460 shares) at no cost, as reported in a Form 4 SEC filing. These awards are compensation for meeting performance criteria and will vest over one to three years, subject to his continued service. Following these grants, Taxay’s direct holdings in the company increased to 25,398 shares of common stock.