{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-22-000003","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2022-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.869084+00:00","generated_at":"2026-06-27T17:01:51.812597+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Cadence grants CEO Anirudh Devgan 409,208 RSUs worth $20.5M under 2022 LTP Awards","bullets":["CEO Anirudh Devgan awarded 409,208 RSUs with grant date fair value of $20,534,057.","Award is 100% performance-based over a five-year period ending March 15, 2027.","Vesting thresholds: absolute stock price targets of $245 (threshold) and $359 (maximum).","Relative TSR hurdle requires performance at or above the 35th percentile of S&P 400/500 IT indices.","Mandatory holding period applies one year after vesting, subject to exceptions."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-22-000003","json":"https://secwatch.observer/filing/0000813672-22-000003.json","markdown":"https://secwatch.observer/filing/0000813672-22-000003.md","text":"https://secwatch.observer/filing/0000813672-22-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367222000003/0000813672-22-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367222000003/cdns-20220113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T17:01:51.812597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}