Cirrus Logic CEO Forsyth Vests 6,171 Shares
CIRRUS LOGIC, INC. director and CEO John Forsyth reported vesting of performance-based restricted stock units for fiscal 2026, resulting in 6,171 shares of common stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. director and CEO John Forsyth reported vesting of performance-based restricted stock units for fiscal 2026, resulting in 6,171 shares of common stock. The company withheld 2,429 shares at $166.62 per share to satisfy tax obligations. Following these transactions, Forsyth directly holds 73,758 Cirrus Logic common shares.
Insider Trade Summary
8,513 shares exercised/converted
Exercise
3 txns
Insider
Forsyth John
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 8,513 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,171 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,429 | $166.62 | $405K |
Holdings After Transaction:
Performance Shares — 17,028 contracts (Direct);
Common Stock — 73,758 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. Forsyth's annual baseline allocation of PSUs was 8,513, and the payout percentage for fiscal year 2026 was 72.5%. Therefore, 6,171 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
PSU baseline allocation: 8,513 PSUs
Payout percentage: 72.5%
Shares vested: 6,171 shares
+3 more
6 metrics
PSU baseline allocation
8,513 PSUs
Annual baseline allocation of Performance Stock Units for the fiscal 2026 tranche
Payout percentage
72.5%
Payout percentage applied to PSUs for fiscal year 2026 performance
Shares vested
6,171 shares
Common stock vested from performance-based restricted stock units for fiscal 2026
Shares withheld for taxes
2,429 shares
Common shares withheld to satisfy tax withholding obligations at vesting
Tax withholding price
$166.62 per share
Per-share value used for the tax-withholding disposition of 2,429 shares
Post-transaction holdings
73,758 shares
Directly held Cirrus Logic common shares by John Forsyth after the transactions
Key Terms
Performance Stock Units (PSUs), performance-based restricted stock units, payout percentage, Compensation Committee
4 terms
Performance Stock Units (PSUs) financial
"Performance Stock Units (PSUs) that vested was determined based on pre-established performance metrics"
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 Stock Units"
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"
Compensation Committee financial
"as approved by the Company's Compensation Committee, over the first fiscal year"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CRUS CEO John Forsyth report in this Form 4 filing?
John Forsyth reported vesting of 6,171 shares of Cirrus Logic common stock from performance-based awards. The company withheld 2,429 shares at $166.62 for taxes, and he now directly holds 73,758 common shares.
What is John Forsyth's post-transaction common stock holding in CRUS?
After the reported vesting and tax withholding, CEO John Forsyth directly holds 73,758 shares of Cirrus Logic common stock. This figure reflects his canonical post-transaction holdings as disclosed in the filing’s position table.
Were John Forsyth's CRUS transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is unchecked, indicating these transactions were not affirmed as made under a Rule 10b5-1 trading plan. The footnotes describe vesting mechanics and tax withholding but do not reference any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
