Cirrus Logic (CRUS) EVP Alberty reports MSU vesting, new RSU and MSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cirrus Logic EVP Carl Jackson Alberty reported multiple equity award activities. On February 6, 2026, 2,451 performance-based Market Stock Units vested after Cirrus Logic achieved a 113% total shareholder return versus the Philadelphia Semiconductor Index over a three-year period. To cover taxes, the company withheld 597 and 781 shares of common stock at $142.78 per share; no shares were sold on the open market.
Alberty also exercised performance shares and restricted stock units at a $0 exercise price, increasing his directly held common stock to 42,229 shares. On February 5, 2026, he received new grants of 5,140 restricted stock units that vest in full on February 5, 2029, and 4,141 performance-based Market Stock Units tied to relative total shareholder return versus the Russell 3000 index over a three-year period beginning February 5, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,181 shares exercised/converted
Mixed
8 txns
Insider
Alberty Carl Jackson
Role
EVP, MSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 2,169 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,012 | $0.00 | -- |
| Exercise | Common Stock | 2,450 | $0.00 | -- |
| Tax Withholding | Common Stock | 597 | $142.78 | $85K |
| Exercise | Common Stock | 3,012 | $0.00 | -- |
| Tax Withholding | Common Stock | 781 | $142.78 | $112K |
| Grant/Award | Restricted Stock Units | 5,140 | $0.00 | -- |
| Grant/Award | Performance Shares | 4,141 | $0.00 | -- |
Holdings After Transaction:
Performance Shares — 5,022 shares (Direct);
Restricted Stock Units — 8,046 shares (Direct);
Common Stock — 40,595 shares (Direct)
Footnotes (1)
- The number of performance-based restricted stock units that we refer to as Market Stock Units (MSUs) that vested was determined based on pre-established performance metrics over a three-year period beginning February 6, 2023, and ending February 6, 2026. A total shareholder return (TSR) measurement was made relative to the component companies of the Philadelphia Semiconductor Index, which determined a payout percentage ranging between 0-200%. The payout percentage was then multiplied by a target number of MSUs. Mr. Alberty's target number of MSUs was 2,169 (which is shown in Table II), and Cirrus Logic's TSR for the three-year period resulted in a 113% payout percentage. Therefore, 2,451 shares of common stock vested (which is shown in Table I), and the Company withheld sufficient shares for payment of required tax obligations. No shares were sold; these shares were withheld to satisfy tax withholding requirements. Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on February 6, 2026, and the Company withheld sufficient shares for payment of required tax withholdings. 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. Each of these MSU's 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 insider transactions did CRUS EVP Carl Alberty report on this Form 4?
Carl Alberty reported vesting and exercises of performance shares and restricted stock units, plus new grants. On February 6, 2026, 2,451 performance-based Market Stock Units vested and were settled in common stock, with some shares withheld to satisfy tax obligations.
What performance metrics drove the Market Stock Unit vesting for CRUS EVP Alberty?
The Market Stock Units vested based on total shareholder return over three years from February 6, 2023 to February 6, 2026. Cirrus Logic’s total shareholder return versus the Philadelphia Semiconductor Index produced a 113% payout on Alberty’s 2,169-target MSUs, resulting in 2,451 vested common shares.
What new restricted stock units did Carl Alberty receive from Cirrus Logic?
On February 5, 2026, Alberty was granted 5,140 restricted stock units, each economically equivalent to one Cirrus Logic common share. According to the filing, 100% of these restricted stock units are scheduled to vest on February 5, 2029, the three-year anniversary of the grant date.
How are Carl Alberty’s new performance-based Market Stock Units structured at Cirrus Logic?
He received 4,141 Market Stock Units on February 5, 2026. Each MSU can deliver up to 200% of one common share, depending on pre-established performance metrics tied to total shareholder return versus Russell 3000 index components over a three-year period ending February 5, 2029.