Updated April 2026 · SEC DEF 14A data
Anirudh Devgan
Chief Executive Officer at Cadence Design Systems · EDA Software
Anirudh Devgan serves as Chief Executive Officer of Cadence Design Systems. Total compensation: $9.1M. CEO compensation at U.S. public companies is disclosed via the SEC DEF 14A proxy statement, including base salary, stock and option awards, performance-tied incentives, and "other compensation" that captures perquisites and post-employment benefits.
Compensation at this scale is typical of senior executives at mid-cap public companies, or non-CEO senior officers at larger firms. Equity awards tend to dominate cash compensation in the disclosure. The CEOPay executive page surfaces the per-year compensation history (where multi-year disclosure exists), the breakdown by award type, and the per-company context for the role. Cross-executive comparisons within a single company are most useful for understanding internal pay structure.
Anirudh Devgan, Chief Executive Officer at Cadence Design Systems, earned $9.1M in reported total compensation in fiscal year 2025 and $33.1M in cumulative SEC-disclosed compensation across the 4 fiscal years on file. Pay was disclosed in the company's SEC DEF 14A proxy statement and is broken into salary, stock awards, option awards, non-equity incentive, pension change, and other compensation under the Summary Compensation Table required by Regulation S-K Item 402.
Total Compensation
Fiscal year 2025
Compensation Breakdown
Anirudh Devgan Net Worth: $33.1M in SEC-Disclosed Pay
Anirudh Devgan has earned $33.1M in cumulative total compensation across the 4 fiscal years of disclosure on file (2022–2025) as Chief Executive Officer at Cadence Design Systems. That figure — the sum of every Summary Compensation Table entry the company has filed under SEC Regulation S-K Item 402 — is a defensible floor for an estimated net worth conversation: it is firmly in the eight-figure range; actual net worth is typically higher once vested-and-held stock appreciation and outside investments are included, and is sometimes lower if a meaningful share of pay was sold near grant to cover taxes. Anirudh Devgan's actual net worth is not directly disclosed in SEC filings; it would require reconciling this cumulative pay with current beneficial ownership, prior open-market stock sales (reported on Form 4), exercised options, taxes paid, and personal investments outside the company.
Beneficial ownership — the actual share count Anirudh Devgan controls — is disclosed separately in the same DEF 14A in the “Security Ownership of Certain Beneficial Owners and Management” table, with insider transactions reported on SEC Form 4 within two business days of any open-market trade. To estimate Anirudh Devgan’s current net worth from public filings alone, combine cumulative disclosed compensation above with current Cadence Design Systems share count × share price, subtract option exercises and stock sales already reported on Form 4, then adjust for taxes (typically 35–50% of vested equity value at grant) and any disclosed personal investments.
What Anirudh Devgan's Pay Tells Us
Anirudh Devgan earns $9.1M as Chief Executive Officer at Cadence Design Systems. Compensation in this range reflects a structured mix of base salary, annual cash incentives, and time-vested or performance-vested equity, with the equity portion typically vesting over three to four years on the standard SEC-disclosed schedule.
Balanced equity-and-cash package: stock and option awards account for roughly 62% of total compensation, with base salary at 10% and the remainder in annual cash incentive, pension change, and other compensation. This mix is common in mid-cap public companies and in industries with more stable revenue trajectories.
Cadence Design Systems's CEO-to-median-worker pay ratio is 59:1 — relatively compressed, characteristic of high-compensation industries where most employees are salaried professionals. Shareholders approved the most recent say-on-pay vote with 85.2% support — within the typical S&P 500 range.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $910K | - | $4.6M | $1.1M | $1.4M | $1.0M | $9.1M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
Across the 4 fiscal years on file (2022–2025), total compensation has ranged from $8.0M to $9.1M — a $1.1M swing typically driven by equity-grant timing, performance-share-unit vesting, or pension-actuarial revisions rather than changes in base salary or annual cash bonus.
How These Numbers Are Reported
Every figure on this page comes from the SEC DEF 14A proxy statement that Cadence Design Systems filed with the U.S. Securities and Exchange Commission ahead of its most recent annual shareholder meeting. The proxy is freely available on the SEC's EDGAR system. Inside it, the Summary Compensation Table reports salary, bonus, stock awards, option awards, non-equity incentive plan compensation, change in pension and nonqualified deferred compensation earnings, all other compensation, and total — for the chief executive officer, chief financial officer, and the three other most highly compensated executive officers (the "named executive officers" or NEOs).
Stock awards and option awards are reported at grant-date fair value under FASB ASC 718, which is an accounting estimate at the time of grant rather than realized pay. Realized pay — what the executive actually banked — appears in the separate "Option Exercises and Stock Vested" table inside the same DEF 14A. Both views matter: the grant-date number is what the board approved, the realized number is what actually flowed to the executive in a given year. Read the full methodology for inputs, weights, and how each line item is sourced.
Authoritative governance context: Institutional Shareholder Services (ISS) and Glass Lewis publish the proxy-advisor frameworks most institutional shareholders use to evaluate pay alignment, and our Pay-for-Performance Grade follows the same four-factor approach.
Frequently Asked Questions
How much does Anirudh Devgan earn?
Anirudh Devgan earned $9.1M in total compensation as Chief Executive Officer at Cadence Design Systems in fiscal year 2025, as disclosed in the company's most recent SEC DEF 14A proxy statement. Anirudh Devgan earns $9.1M as Chief Executive Officer at Cadence Design Systems. Compensation in this range reflects a structured mix of base salary, annual cash incentives, and time-vested or performance-vested equity, with the equity portion typically vesting over three to four years on the standard SEC-disclosed schedule.
What is Anirudh Devgan's pay package made of?
Anirudh Devgan's reported total of $9.1M breaks into base salary of $910K, stock awards of $4.6M, option awards of $1.1M, plus non-equity incentive, pension change, and other compensation. Balanced equity-and-cash package: stock and option awards account for roughly 62% of total compensation, with base salary at 10% and the remainder in annual cash incentive, pension change, and other compensation. This mix is common in mid-cap public companies and in industries with more stable revenue trajectories.
What is Anirudh Devgan's net worth?
Anirudh Devgan has earned $33.1M in cumulative total compensation across the 4 fiscal years of disclosure on file (2022–2025) as Chief Executive Officer at Cadence Design Systems. That figure — the sum of every Summary Compensation Table entry the company has filed under SEC Regulation S-K Item 402 — is a defensible floor for an estimated net worth conversation: it is firmly in the eight-figure range; actual net worth is typically higher once vested-and-held stock appreciation and outside investments are included, and is sometimes lower if a meaningful share of pay was sold near grant to cover taxes. Anirudh Devgan's actual net worth is not directly disclosed in SEC filings; it would require reconciling this cumulative pay with current beneficial ownership, prior open-market stock sales (reported on Form 4), exercised options, taxes paid, and personal investments outside the company.
Where does this compensation data come from?
Every figure on this page is sourced from the SEC DEF 14A proxy statement that Cadence Design Systems filed with the U.S. Securities and Exchange Commission ahead of its most recent annual shareholder meeting. The Summary Compensation Table inside the filing is the authoritative document, available on the SEC EDGAR system at https://www.sec.gov/edgar.shtml. Equity values follow FASB ASC 718 grant-date fair-value accounting; pension changes reflect the year-over-year actuarial revision required by Regulation S-K Item 402.
How has Anirudh Devgan's pay changed over time?
Across the 4 fiscal years on file (2022–2025), total compensation has ranged from $8.0M to $9.1M — a $1.1M swing typically driven by equity-grant timing, performance-share-unit vesting, or pension-actuarial revisions rather than changes in base salary or annual cash bonus.
What is Cadence Design Systems's pay-for-performance picture?
Cadence Design Systems's CEO-to-median-worker pay ratio is 59:1 — relatively compressed, characteristic of high-compensation industries where most employees are salaried professionals. Shareholders approved the most recent say-on-pay vote with 85.2% support — within the typical S&P 500 range. Cadence Design Systems earns a Pay-for-Performance Grade of B (70/100) on the four-factor framework documented on the methodology page.
Source: U.S. Securities and Exchange Commission, DEF 14A proxy filings via EDGAR. Public domain.
Last updated 2026-04-06 · 4 fiscal years of compensation history on file.