Paul Scannell

CDNS Sr. VP Paul Scannell sells 7,081 shares at $393.91 via scheduled 10b5-1 plan; retains 32,181 shares plus 7,082 option rights

Paul Scannell, Sr. Vice President of Cadence Design Systems, sold 7,081 shares on 2026-06-01 at $393.91 per share under a pre-arranged 10b5-1 trading plan, representing an 18.0% reduction of his non-derivative holdings from 39,262 to 32,181 shares. This sale occurred when CDNS stock has risen 36.1% over the prior 90 days and 16.7% over 30 days, well into its 52-week range. Critically, the transaction is scheduled rather than discretionary, so price action at execution time does not reflect timing judgment. Scannell retains meaningful equity exposure through both his remaining 32,181 common shares and 7,082 non-qualified stock option rights, indicating his substantial continuing stake in the company. His prior sales at CDNS show mixed outcomes—the most recent sale on 2026-05-01 was followed by 22.8% gains over 90 days, while several earlier 2025 sales preceded modest declines—a pattern insufficient to suggest conviction or concern about current fundamentals given the automated nature of this trade.

Sr. VP Scannell sells 10,500 shares at $339 as stock climbs off lows; fifth consecutive open-market sale with mixed timing record.

Scannell Paul, Sr. Vice President at Cadence Design Systems, sold a meaningful block of shares representing roughly a quarter of his holdings, bringing his post-transaction stake to approximately 33,327 shares. The sale occurred as the stock traded well below its 52-week high despite a strong rally in the prior three months, signaling the executive was willing to trim exposure even amid positive price momentum. His track record at this stock shows a pattern worth noting: at the 30-day horizon, all four of his prior sales were followed by near-term declines, suggesting he has timed exits well in the short term; however, over a 90-day window, three of those four prior sales proved well-timed while one saw the stock recover, indicating his longer-term timing has been mixed. This is now his fifth consecutive open-market sale in three years, with no open-market purchases during that span—a consistent pattern of trimming rather than adding to his stake. The company itself remains fundamentally solid, growing revenue at double-digit rates and maintaining profitability, which makes this a measured reduction from a profitable company rather than a flight to safety.

Sr. VP Scannell sells 5,490 CDNS shares for $1.9M at $339.43 avg; retains 20,321 shares post-sale

Scannell Paul, Sr. Vice President at Cadence Design Systems, executed 2 separate sales totaling 5,490 shares for $1,863,494.63 on 2025-12-10 at a blended average price of $339.43, reducing his holdings by 21.3% to 20,321 shares. The shares sold at prices ($339.33 and $340.09) significantly above the current trading price of $323.22, reflecting a 4.9% premium to today's market. His cross-ticker track record shows a 90d well-timed rate of 50.00% across 2 prior open-market sales, while at CDNS specifically, 1 of 2 prior sales resulted in a positive 90d return (the April 2025 sale followed by +11.2% 90d return), indicating mixed historical timing at this ticker. The stock is currently -13.4% from its 52-week high of $373.37, in the upper half of its annual range, with fundamentals showing strong annual revenue growth of +13.5% and a P/E of 82.88.

Sr. VP Scannell sells 4,710 CDNS shares ($1.4M) at $300.00; holdings drop 14.2%. Prior CDNS sale was 100% well-timed (90d decline).

Scannell sold 4,710 shares at $300.00 for a total value of $1,413,000.00, reducing his holdings from 33,152 to 28,442 shares—a 14.2% reduction. His cross-ticker track record shows 1 prior sell with an average 90-day return of -21.0% and a 90d well-timed rate of 100.00%, indicating his prior sells correctly preceded downturns. At this ticker specifically, his prior sell on 2024-12-13 demonstrated the same pattern: -21.0% over 90 days. Against the current backdrop, CDNS trades at $299.73, down 8.2% from its 52-week high of $326.50, and the stock is up 15.8% over the past 30 days despite a flat 0.7% 90-day return—suggesting recent momentum that diverges from longer-term performance. The company's fundamentals remain solid with revenue growth of 13.5%, a high P/E of 75.69, and net income of $273,579,000.00, but the insider's historical pattern of well-timed sales paired with this discretionary reduction of a material position stake warrants attention to whether this signals evolving views on near-term valuation or momentum.

Sr. VP Paul Scannell sold 3,171 shares of CDNS at $305.78 for $969,628.38, reducing holdings 18.1%

Scannell sold 3,171 shares at $305.78 on 2024-12-13, with stock currently at $311.35—a $5.57 spread suggesting the sale occurred just slightly below recent levels. His post-transaction holdings of 14,318 shares represent an 18.1% reduction from prior holdings of 17,489 shares. CDNS has appreciated 7.5% over 30 days and 15.4% over 90 days, and the stock is trading 4.6% below its 52-week high of $326.50, placing this sale within a general uptrend. The company's fundamentals remain solid with annual revenue growth of 14.8%, $238.1M net income, and a $85.4B market cap, though the P/E of 82.15 is elevated. The sale is a material reduction but not a complete exit, and no prior trading pattern, plan type, or comparative insider activity is disclosed.