Cirrus Logic (CRUS) EVP logs PSU vesting with shares withheld for taxes
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive vice president Carl Jackson Alberty reported routine equity compensation activity tied to performance awards. On May 21, 2026, 1,080 shares of common stock vested from performance-based units after the company’s Compensation Committee approved results for the first fiscal year of a three-year performance period.
These shares came from an annual baseline allocation of 1,490 Performance Stock Units, with a payout percentage of 72.5% for fiscal year 2026. To cover required tax obligations, 419 of the vested shares were withheld by the company, and no shares were sold in the market. Following these transactions, Alberty directly held 40,439 shares of common stock.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 661 shares
Net Buy
3 txns
Insider
Alberty Carl Jackson
Role
EVP, MSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 1,490 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,080 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 419 | $166.62 | $70K |
Holdings After Transaction:
Performance Shares — 2,980 shares (Direct);
Common Stock — 40,439 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. Alberty's annual baseline allocation of PSUs was 1,490, and the payout percentage for fiscal year 2026 was 72.5%. Therefore, 1,080 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
Baseline PSUs: 1,490 units
Payout percentage: 72.5%
Shares vested: 1,080 shares
+3 more
6 metrics
Baseline PSUs
1,490 units
Annual baseline allocation of Performance Stock Units for this tranche
Payout percentage
72.5%
Payout percentage for fiscal year 2026 performance
Shares vested
1,080 shares
Common stock vested from PSUs based on FY 2026 performance
Shares withheld for tax
419 shares
Shares withheld to satisfy tax withholding requirements
Shares held after transactions
40,439 shares
Direct common stock holdings following vesting and tax withholding
Exercise/conversion shares
1,490 shares
Performance stock units exercised/converted into common stock
Key Terms
Performance Stock Units (PSUs), payout percentage, Compensation Committee, tax withholding requirements
4 terms
Performance Stock Units (PSUs) financial
"The number of performance-based restricted stock units that we refer to as Performance Stock Units (PSUs) that vested was determined..."
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.
payout percentage financial
"A payout percentage was determined based on the level of performance achieved and then multiplied..."
Compensation Committee financial
"pre-established performance metrics, 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.
tax withholding requirements financial
"No shares were sold; these shares were withheld to satisfy tax withholding requirements."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did CIRRUS LOGIC (CRUS) report for Carl Jackson Alberty?
CIRRUS LOGIC reported that EVP Carl Jackson Alberty had 1,080 common shares vest from performance-based units, and 419 of those shares were withheld to cover tax obligations. No shares were sold in the open market during these compensation-related transactions.
How many performance stock units vested for CIRRUS LOGIC (CRUS) EVP Carl Alberty?
Carl Alberty had 1,080 common shares vest from an annual baseline allocation of 1,490 Performance Stock Units. The payout was based on a 72.5% payout percentage for fiscal year 2026, determined using pre-established performance metrics approved by the Compensation Committee.
What performance period applied to the CIRRUS LOGIC (CRUS) performance stock units?
The performance stock units relate to a three-fiscal-year performance period beginning with fiscal year 2026 and ending at the conclusion of fiscal year 2028. Vesting for this tranche was based on performance metrics achieved over the first fiscal year of that period.
What was the payout percentage for CIRRUS LOGIC (CRUS) performance stock units in fiscal 2026?
The payout percentage for the relevant performance stock units in fiscal year 2026 was 72.5%. This percentage, approved by the Compensation Committee, was applied to Carl Alberty’s annual baseline allocation of 1,490 units to determine that 1,080 common shares would vest.