CFO at Cirrus Logic (NASDAQ: CRUS) gets RSUs and performance stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cirrus Logic Chief Financial Officer Jeffrey Woolard reported new equity awards. On February 5, 2026 he received 11,242 restricted stock units, each representing the right to one share of common stock, all scheduled to vest on February 5, 2029.
He was also granted 9,058 performance-based Market Stock Units, each eligible to deliver up to 200% of one share depending on total shareholder return versus the Russell 3000 over a performance period from February 5, 2026 to February 5, 2029. Following these grants, he beneficially owns 49,197 restricted stock units and 18,332 performance shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Woolard Jeffrey
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 11,242 | $0.00 | -- |
| Grant/Award | Performance Shares | 9,058 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 49,197 shares (Direct);
Performance Shares — 18,332 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. 100% of the restricted stock units will vest on February 5, 2029, the 3-year anniversary of the grant date. These performance shares reflect performance-based restricted stock units that we refer to as Market Stock Units (MSUs). Each MSU represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the MSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on February 5, 2026, and ending on February 5, 2029. The MSU performance metrics involve total shareholder return (TSR) relative to the component companies of the Russell 3000 index.
FAQ
What did Cirrus Logic (CRUS) disclose about CFO Jeffrey Woolard in this Form 4?
Cirrus Logic reported that CFO Jeffrey Woolard received new equity awards on February 5, 2026. The filing shows grants of restricted stock units and performance-based Market Stock Units that increase his direct beneficial ownership of derivative equity linked to Cirrus Logic common stock.
How many restricted stock units did the Cirrus Logic CFO receive on February 5, 2026?
The CFO received 11,242 restricted stock units on February 5, 2026. Each unit represents a contingent right to receive one share of Cirrus Logic common stock, with 100% of these units scheduled to vest on February 5, 2029, subject to continued service conditions.
When do Jeffrey Woolard’s new Cirrus Logic restricted stock units vest?
All of Jeffrey Woolard’s 11,242 restricted stock units vest on February 5, 2029. This date is described as the three-year anniversary of the grant, meaning he must remain eligible through that period to receive the corresponding Cirrus Logic common shares at settlement.
What performance metrics determine vesting of Cirrus Logic Market Stock Units?
Vesting of the Market Stock Units depends on total shareholder return performance. The filing states that results are measured relative to component companies of the Russell 3000 index over a three-year period, with pre-established metrics approved by Cirrus Logic’s Compensation Committee guiding the final share payout.
How many derivative equity awards does the Cirrus Logic CFO own after these grants?
After the reported grants, the CFO beneficially owns 49,197 restricted stock units and 18,332 performance shares directly. These represent potential future Cirrus Logic common shares, subject to vesting, service conditions, and for performance shares, achievement of specified total shareholder return performance goals.