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Cadence Design Systems Executive Compensation (FY25)

CDNS · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 12, 2026
347 figures on this page: 340 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Anirudh Devgan, President and Chief Executive Officer, received $56,683,576 in total compensation for fiscal 2025, and compared with the $19,292,503 reported for fiscal 2024, Devgan's total was 193.8% higher. Meanwhile, for fiscal 2025, the company reported a chief executive pay ratio of 592:1, against median employee compensation of $95,689. Separately, for fiscal 2025, shareholders backed the say-on-pay proposal with 86.4% of votes cast including abstentions in favor at the meeting held May 7, 2026. The disclosed peer group includes Advanced Micro Devices, Inc., ANSYS, Inc., Arista Networks, Inc., Autodesk, Inc. and CrowdStrike Holdings, Inc., among others.
Chief executive, fiscal 2025
◇
Anirudh Devgan
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Anirudh Devgan: $19,292,503 → $56,683,576 (193.8% higher)
Say-on-pay support: 88.2% → 86.4% (1.8 points lower)
CEO pay ratio: 150:1 → 592:1 (294.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Cadence Design Systems' chief executive and what were they paid?
Anirudh Devgan, President and Chief Executive Officer, received $56,683,576 in total compensation for fiscal 2025. Compared with the $19,292,503 reported for fiscal 2024, Devgan's total was 193.8% higher.
What was Cadence Design Systems' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 86.4% of votes cast including abstentions in favor at the meeting held May 7, 2026.
Which companies are in Cadence Design Systems' peer group?
The disclosed peer group includes Advanced Micro Devices, Inc., ANSYS, Inc., Arista Networks, Inc., Autodesk, Inc. and CrowdStrike Holdings, Inc., among others.
What is Cadence Design Systems' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 592:1, against median employee compensation of $95,689.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anirudh Devgan
President and Chief Executive Officer
◇—◇◇◇—◇◇
John Wall
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Neil Zaman
Senior Vice President and Chief Revenue Officer
◇—◇◇◇—◇◇
Paul Cunningham
Senior Vice President GM, System Verification Group
◇—◇◇◇—◇◇
Chin-Chi Teng
Senior Vice President, GM, Digital & Signoff Group
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anirudh Devgan
President and Chief Executive Officer
◇—◇◇◇—◇◇
John Wall
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Neil Zaman
Senior Vice President and Chief Revenue Officer
◇—◇◇◇—◇◇
Paul Cunningham
Senior Vice President GM, System Verification Group
◇—◇◇◇—◇◇
Chin-Chi Teng
Senior Vice President, GM, Digital & Signoff Group
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anirudh Devgan
President and Chief Executive Officer
◇—◇◇◇—◇◇
John Wall
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Thomas Beckley
Former Senior Vice President, GM, Custom IC & PCB Group
Departed during or after this year
◇—◇◇◇—◇◇
Paul Cunningham
Senior Vice President, GM, System Verification Group
◇—◇◇◇—◇— not reconciled
Chin-Chi Teng
Senior Vice President GM, Digital & Signoff Group
◇—◇◇◇—◇— not reconciled
Paul Scannell
Senior Vice President Customer Success Team
◇—◇◇◇—◇— not reconciled
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anirudh Devgan
President and Chief Executive Officer
◇—◇—◇—◇◇
John Wall
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Paul Scannell
Senior Vice President, Customer Success Team
◇—◇—◇—◇◇
Paul Cunningham
Senior Vice President, GM, System Verification Group
◇—◇—◇—◇◇
Chin-Chi Teng
Senior Vice President, GM, Digital & Signoff Group
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anirudh DevganRSU◇——◇——◇
Anirudh DevganPSU◇◇◇—◇—◇
Anirudh DevganPSU◇—◇—◇—◇
Anirudh DevganPSU◇◇◇—◇—◇
Chin-Chi TengPSU◇—◇—◇—◇
Chin-Chi TengPSU◇◇◇—◇—◇
Chin-Chi TengRSU◇——◇——◇
John M. WallPSU◇◇◇—◇—◇
John M. WallPSU◇—◇—◇—◇
Paul CunninghamPSU◇◇◇—◇—◇
Paul CunninghamPSU◇—◇—◇—◇
Paul ScannellPSU◇◇◇—◇—◇
Paul ScannellPSU◇—◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Paul CunninghamOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Paul ScannellPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
John WallPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
PSU◇◇——
Anirudh DevganPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Chin-Chi TengOption◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark W. Adams
Board chair
◇◇————◇
Lewis Chew
◇◇————◇
Ita Brennan
◇◇————◇
James D. Plummer
◇◇————◇
Alberto Sangiovanni-Vincentelli
◇◇————◇
Young K. Sohn
◇◇————◇
Julia Liuson
◇◇————◇
ML Krakauer
◇◇————◇
Moshe Gavrielov
◇◇————◇
Anirudh Devgan and Luc Van den hove served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock Units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Advanced Micro Devices, Inc. AMD
  • ANSYS, Inc. ANSS
  • Arista Networks, Inc. ANET
  • Autodesk, Inc. ADSK
  • CrowdStrike Holdings, Inc. CRWD
  • Datadog, Inc. DDOG
  • Fortinet, Inc. FTNT
  • Keysight Technologies, Inc. KEYS
  • Marvell Technology, Inc. MRVL
  • Microchip Technology Incorporated MCHP
  • Palo Alto Networks, Inc. PANW
  • PTC Inc. PTC
  • ServiceNow, Inc. NOW
  • Skyworks Solutions, Inc. SWKS
  • Synopsys, Inc. SNPS
  • Veeva Systems Inc. VEEV
  • Workday, Inc. WDAY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2022May 4, 2023=◇◇◇
2021May 5, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018May 2, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Cadence Design Systems disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cadence Design Systems sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
347 figures on this page: 340 cited to the filing that reported them, 7 calculated from figures it prints.
340 cited to the filing
7 calculated from the filing

Documents cited

  1. 0000813672-26-000067
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-124264
    2025 SUMMARY COMPENSATION TABLE · Director Compensation · Director Compensation table · Grants of Plan-Based Awards · and 1 more section
  3. 000119312526124264
    CEO Pay Ratio
  4. 0000813672-25-000061
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-25-062605
    2024 SUMMARY COMPENSATION TABLE
  6. 0001193125-24-073902
    2023 SUMMARY COMPENSATION TABLE
  7. 0000813672-23-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-076688
    2022 SUMMARY COMPENSATION TABLE
  9. 0000813672-22-000026
    Say-on-Pay Proposal
  10. 0001193125-21-155107
    Say-on-Pay Proposal
  11. 0001193125-20-131027
    Say-on-Pay Proposal
  12. 0001193125-19-136979
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Cadence Design Systems executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CDNS (accessed 2026).
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Cadence Design Systems discloses

The companies named in CDNS's own disclosed peer group.

Advanced Micro Devices, Inc.Autodesk, Inc.CrowdStrike Holdings, Inc.Datadog, Inc.Fortinet, Inc.Marvell Technology, Inc.Palo Alto Networks, Inc.PTC Inc.ServiceNow, Inc.Skyworks Solutions, Inc.Synopsys, Inc.Veeva Systems Inc.Workday, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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