XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

Insider Trading Arrangements | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 shares | Jun. 30, 2023 shares
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement |  | During the fiscal quarter ended June 30, 2023, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions or written plans for the purchase or sale of our securities set forth in the table below.
|  |  |  |  |  | Type of Trading Arrangement |  |  |  |
Name and Position |  | Action |  | Adoption/ Termination Date |  | Rule 10b5-1* |  | Total Shares of Common Stock to be Sold |  | Expiration Date
Neil Zaman, SVP and Chief Revenue Officer |  | Adoption |  | 5/2/2023 |  | X |  | Up to 61,227(1) |  | 4/30/2024
Mark Adams, Director |  | Adoption |  | 5/9/2023 |  | X |  | Up to 3,250 |  | 12/31/2023
Anirudh Devgan, President and Chief Executive Officer |  | Adoption |  | 6/14/2023 |  | X |  | Up to 109,381(2) |  | 5/30/2024
* Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
(1) Includes up to 54,170 shares subject to Performance Stock Awards previously granted to Mr. Zaman that may vest and be released to Mr. Zaman on or prior to April 30, 2024 upon the satisfaction of the applicable total shareholder return hurdles and relative total shareholder return threshold (the “Zaman PSA Shares”). The actual number of Zaman PSA Shares that will vest is not yet determinable. In addition, the actual number of Zaman PSA Shares that will be released to Mr. Zaman and sold under the Rule 10b5-1 trading arrangement will be net of the number of shares withheld to satisfy tax withholding obligations arising from the vesting of the Zaman PSA Shares and is not yet determinable. (2) Includes up to 109,381 shares subject to Performance Stock Awards previously granted to Dr. Devgan that may vest and be released to Dr. Devgan during the period from August 25, 2023 to March 15, 2024 upon the satisfaction of the applicable total shareholder return hurdles and relative total shareholder return threshold (the “Devgan PSA Shares”). The actual number of Devgan PSA Shares that will vest is not yet determinable. In addition, the actual number of Devgan PSA Shares that will be released to Dr. Devgan and sold under the Rule 10b5-1 trading arrangement will be net of the number of shares withheld to satisfy tax withholding obligations arising from the vesting of the Devgan PSA Shares and is not yet determinable.
Rule 10b5-1 Arrangement Adopted | true |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Neil Zaman [Member] |  |
Trading Arrangements, by Individual |  |
Name | Neil Zaman |
Title | SVP and Chief Revenue Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 5/2/2023 |
Termination Date | 4/30/2024 |
Arrangement Duration | 364 days |
Aggregate Available | 61,227 | 61,227
Mark Adams [Member] |  |
Trading Arrangements, by Individual |  |
Name | Mark Adams |
Title | Director |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 5/9/2023 |
Termination Date | 12/31/2023 |
Arrangement Duration | 236 days |
Aggregate Available | 3,250 | 3,250
Anirudh Devgan [Member] |  |
Trading Arrangements, by Individual |  |
Name | Anirudh Devgan |
Title | President and Chief Executive Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | 6/14/2023 |
Termination Date | 5/30/2024 |
Arrangement Duration | 351 days |
Aggregate Available | 109,381 | 109,381
Neil Zaman Trading Arrangement, Performance Stock Awards [Member] | Neil Zaman [Member] |  |
Trading Arrangements, by Individual |  |
Aggregate Available | 54,170 | 54,170
Anirudh Devgan Trading Arrangement, Performance Stock Awards [Member] | Anirudh Devgan [Member] |  |
Trading Arrangements, by Individual |  |
Aggregate Available | 109,381 | 109,381

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1 + Details
Name: | ecd_MtrlTermsOfTrdArrTextBlock
Namespace Prefix: | ecd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1 + Details
Name: | ecd_NonRule10b51ArrAdoptedFlag
Namespace Prefix: | ecd_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1 + Details
Name: | ecd_NonRule10b51ArrTrmntdFlag
Namespace Prefix: | ecd_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1 + Details
Name: | ecd_Rule10b51ArrAdoptedFlag
Namespace Prefix: | ecd_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 1 + Details
Name: | ecd_Rule10b51ArrTrmntdFlag
Namespace Prefix: | ecd_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph A + Details
Name: | ecd_TradingArrByIndTable
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph B + Details
Name: | ecd_TrdArrAdoptionDate
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph C + Details
Name: | ecd_TrdArrDuration
Namespace Prefix: | ecd_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph A + Details
Name: | ecd_TrdArrIndName
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph A + Details
Name: | ecd_TrdArrIndTitle
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph D + Details
Name: | ecd_TrdArrSecuritiesAggAvailAmt
Namespace Prefix: | ecd_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K -Number 229 -Section 408 -Subsection a -Paragraph 2 -Subparagraph B + Details
Name: | ecd_TrdArrTerminationDate
Namespace Prefix: | ecd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ecd_IndividualAxis=cdns_NeilZamanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_IndividualAxis=cdns_MarkAdamsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_IndividualAxis=cdns_AnirudhDevganMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_TradingArrAxis=cdns_NeilZamanTradingArrangementPerformanceStockAwardsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ecd_TradingArrAxis=cdns_AnirudhDevganTradingArrangementPerformanceStockAwardsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |