Cirrus Logic EVP has 925 performance shares vest
CIRRUS LOGIC, INC. executive vice president and chief human resources officer Denise Grode reported routine equity compensation activity.
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive vice president and chief human resources officer Denise Grode reported routine equity compensation activity. Performance Stock Units (PSUs) for fiscal year 2026 vested at a 72.5% payout, so 925 shares of common stock vested from a 1,277-share baseline allocation.
The company withheld 282 shares of common stock at $166.62 per share to satisfy tax withholding requirements, and no shares were sold on the open market. After these transactions, Grode holds 9,979 shares of Cirrus Logic common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,277 shares exercised/converted
Exercise
3 txns
Insider
Grode Denise
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 1,277 | $0.00 | $0.00 |
| Exercise | Common Stock | 925 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 282 | $166.62 | $47K |
Holdings After Transaction:
Performance Shares — 2,555 contracts (Direct);
Common Stock — 9,979 shares (Direct)
Footnotes (2)
- F1. The number of performance-based restricted stock units that we refer to as Performance Stock Units (PSUs) that vested was determined based on pre-established performance metrics, as approved by the Company's Compensation Committee, over the first fiscal year of a three-fiscal-year performance period beginning with fiscal year 2026 and ending at the conclusion of fiscal year 2028. A payout percentage was determined based on the level of performance achieved and then multiplied by the annual baseline allocation of PSUs for this tranche. Mr. Grode's annual baseline allocation of PSUs was 1,277, and the payout percentage for fiscal year 2026 was 72.5%. Therefore, 925 shares of common stock vested, and the Company withheld sufficient shares for payment of required tax obligations.
- F2. No shares were sold; these shares were withheld to satisfy tax withholding requirements.
Key Figures
Vested shares: 925 shares
Baseline PSU allocation: 1,277 PSUs
Payout percentage: 72.5%
+3 more
6 metrics
Vested shares
925 shares
Common stock vested from Performance Stock Units for fiscal year 2026
Baseline PSU allocation
1,277 PSUs
Annual baseline allocation of Performance Stock Units for this tranche
Payout percentage
72.5%
PSU payout percentage for fiscal year 2026 performance
Shares withheld for taxes
282 shares
Shares withheld to satisfy tax withholding requirements on vesting
Withholding price
$166.62 per share
Value used for tax-withholding disposition of 282 shares
Post-transaction holdings
9,979 shares
Cirrus Logic common stock held directly after transactions
Key Terms
Performance Stock Units (PSUs), performance-based restricted stock units, payout percentage, tax withholding requirements
4 terms
Performance Stock Units (PSUs) financial
"we refer to as Performance Stock Units (PSUs) that vested was determined based"
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
performance-based restricted stock units financial
"The number of performance-based restricted stock units that we refer to as"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
payout percentage financial
"A payout percentage was determined based on the level of performance achieved"
tax withholding requirements financial
"these shares were withheld to satisfy tax withholding requirements"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CIRRUS LOGIC (CRUS) report for Denise Grode?
CIRRUS LOGIC reported that EVP and CHRO Denise Grode had 925 shares of common stock vest from Performance Stock Units. As part of this routine compensation event, 282 shares were withheld to cover taxes, and no open-market sale occurred.
Did Denise Grode sell any Cirrus Logic stock in the open market?
No open-market sale occurred in this transaction. The Form 4 footnote states that no shares were sold and that the 282 shares listed under code F were withheld by the company to cover required tax obligations on the vested award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
