Forsyth John sold CRUS
May 21, 2026 · Form 4 insider transaction
Forsyth John sold 8,513 shares of Cirrus Logic, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
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.