Did the Cadence Design Systems CEO Get a Raise?
Yes. Anirudh Devgan's total compensation rose 14% to $9.1M in 2025, from $8.0M in 2024, per Cadence Design Systems's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Cadence Design Systems CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Anirudh Devgan Pay: 2024 → 2025
- 2025 total comp
- $9,103,500
- 2024 total comp
- $8,000,000
- Change ($)
- +$1,103,500
- Change (%)
- +14%
Source: Cadence Design Systems SEC DEF 14A proxy statements, 2024 and 2025 Summary Compensation Tables.
In its latest proxy statement, Cadence Design Systems reported Anirudh Devgan's 2025 total compensation at $9,103,500 — up $1,103,500 (14%) from $8,000,000 in 2024. The biggest single driver was stock awards, which rose $551,750.
Across the disclosed history, Anirudh Devgan's total pay has run: 2022, $8.0M; 2023, $8.0M; 2024, $8.0M; 2025, $9.1M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Cadence Design Systems posted a 23.0% three-year total shareholder return on 13.8% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of B (70/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $9,103,500 |
| Base Salary | $910,350 |
| Stock Awards | $4,551,750 |
| Option Awards | $1,092,420 |
| Non-Equity Incentive | $1,365,525 |
| CEO-to-Worker Pay Ratio | 59:1 |
| Pay-Performance Grade | B |
Other EDA Software CEOs
Frequently Asked Questions
Yes. Anirudh Devgan's total compensation rose 14% to $9.1M in 2025, from $8.0M in 2024, per Cadence Design Systems's SEC DEF 14A filings.
Anirudh Devgan, CEO of Cadence Design Systems, earned $9.1M in total compensation in 2025, including $4.6M in stock awards and $910,350 in base salary.
In 2025, total compensation of $9,103,500 was composed of $910,350 base salary, $0 cash bonus, $4,551,750 stock awards, $1,092,420 option awards, and $1,365,525 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Cadence Design Systems as B (70/100), based on three-year total shareholder return of 23.0%, revenue growth of 13.8%, and shareholder say-on-pay vote approval.
Anirudh Devgan is the chief executive officer of Cadence Design Systems (CDNS).
More about Cadence Design Systems
Yes. Anirudh Devgan's total compensation rose 14% to $9.1M in 2025, from $8.0M in 2024, per Cadence Design Systems's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.