Cadence Design Systems (CDNS) executive compensation, 2026 proxy

Anirudh Devgan, President and Chief Executive Officer, was paid $56.7M in 2025, up 194% from $19.3M the year before. The CEO-to-median-employee pay ratio was 592:1, on median employee pay of $95,689.

Filed
March 25, 2026
Annual meeting
May 7, 2026
Pay year
2025
Named executives
5
CEO total pay
$56.7M+194% vs prior year
CEO to median employee
592:1median $95,689
CEO pay in equity
96%$54.4M in awards
Prior say-on-pay support
89%of votes cast
CEO Base Salary
$800,000Annual base salary for 2025
CEO Stock Awards
$54.4MIncludes LTP Awards
CEO Target Bonus
125%Percentage of annual base salary
Pay Ratio
592:1CEO to median employee

How Devgan was paid

$56.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary1%Stock awards96%Non-equity incentive3%All other compensation0%

Named executive officers

ExecutiveTotal
Anirudh DevganPresident and Chief Executive Officer$56,683,576
John M. WallSenior Vice President and Chief Financial Officer$17,119,862
Paul ScannellSenior Vice President, Customer Success Team$15,699,536
Paul CunninghamSenior Vice President, GM, System Verification Group$15,207,257
Chin-Chi TengSenior Vice President, GM, Digital & Signoff Group$15,185,652

What changed and why

  • $56.7MAnirudh Devgan received total compensation of $56,683,576 in fiscal 2025, significantly higher due to long-term equity awards.
  • Stock awards for executive officers in 2025 included long-term equity awards subject to stockholder return targets.
  • $800KChief Executive Officer base salary was increased to $800,000 for fiscal 2025.
  • 89%Approximately 89% of votes cast supported the say-on-pay proposal at the 2025 Annual Meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.