Cirrus Logic director awarded 1,623 RSUs, 1,998 vest
CIRRUS LOGIC director Alexander M. Davern reported equity compensation changes.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
CIRRUS LOGIC director Alexander M. Davern reported equity compensation changes. On July 31, 2026 he received 1,623 Restricted Stock Units, granted upon re-election to the board and vesting on the earlier of the next annual meeting or July 31, 2027. On July 29, 2026, 1,998 RSUs vested and were settled into 1,998 common shares, increasing his direct holdings to 22,529 shares.
Insider Trade Summary
1,998 shares exercised/converted
Exercise
3 txns
Insider
DAVERN ALEXANDER M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F3, F4, F5 | 1,623 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 1,998 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 1,998 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,623 contracts (Direct);
Common Stock — 22,529 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock units vested on July 29, 2026.
- F2. Expiration Date of July 29, 2026.
- F3. Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- F4. Restricted Stock Units granted upon re-election to Cirrus Logic, Inc.'s Board of Directors.
- F5. 100% of the restricted stock units will vest on the earlier of: (a) the date of the Company's next Annual Meeting or (b) on July 31, 2027, the 1-year anniversary of the grant date.
Key Figures
Restricted Stock Units granted: 1,623 units
RSUs vested and converted: 1,998 units
Common shares acquired from vesting: 1,998 shares
+2 more
5 metrics
Restricted Stock Units granted
1,623 units
Awarded to director on July 31, 2026 upon board re-election
RSUs vested and converted
1,998 units
RSUs vested and settled into common stock on July 29, 2026
Common shares acquired from vesting
1,998 shares
Common stock received upon RSU vesting on July 29, 2026
Common shares held after transactions
22,529 shares
Direct common stock ownership after July 29, 2026 settlement
RSU vesting deadline for new grant
July 31, 2027
New RSUs vest on earlier of next annual meeting or this date
Key Terms
Restricted Stock Units, derivative security, Expiration Date, contingent right
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit was the economic equivalent of one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Transaction code M is described as exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Expiration Date financial
"Footnote states an Expiration Date of July 29, 2026 for the vested RSUs"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Alexander M. Davern report at Cirrus Logic (CRUS)?
Alexander M. Davern, a Cirrus Logic director, reported three equity events. He received 1,623 new Restricted Stock Units on July 31, 2026 and 1,998 RSUs vested on July 29, 2026, converting into 1,998 common shares and raising his direct ownership to 22,529 shares.
How many new Restricted Stock Units did the Cirrus Logic (CRUS) director receive and why?
He received 1,623 Restricted Stock Units on July 31, 2026. Footnotes state these RSUs were granted upon his re-election to Cirrus Logic, Inc.'s Board of Directors, representing a contingent right to receive an equal number of common shares once the units vest.
When do Alexander Davern’s new RSUs in Cirrus Logic (CRUS) vest?
The 1,623 new RSUs will vest 100% on the earlier of two dates: the date of Cirrus Logic’s next Annual Meeting or July 31, 2027, which is the one-year anniversary of the grant date, according to the accompanying footnote disclosure.
What happened to the 1,998 RSUs previously held by the Cirrus Logic (CRUS) director?
On July 29, 2026, 1,998 Restricted Stock Units vested and were settled into 1,998 shares of common stock. Each RSU was the economic equivalent of one common share, and the expiration date for these units was July 29, 2026, when vesting occurred.
Were Alexander Davern’s Cirrus Logic (CRUS) transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan. The aff_10b5_one field is false, and the footnotes describing the RSU grant and vesting do not reference any Rule 10b5-1 trading arrangement for these equity transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
