Key facts
- This page summarizes John Forsyth's Form 4 filing for CIRRUS LOGIC, INC. (CRUS).
- 9 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 06 Feb 2026, 18:39.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Sale
Options Exercise
Tax liability
Options Exercise
Tax liability
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Options Exercise
Options Exercise
Award
Award
Additional SEC filing notes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Footnote F1
This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 29, 2025.
Footnote F2
The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.05 to $143.95. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
Footnote F3
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. Forsyth's target number of MSUs was 15,239 (which is shown in Table II), and Cirrus Logic's TSR for the three-year period resulted in a 113% payout percentage. Therefore, 17,220 shares of common stock vested (which is shown in Table I), and the Company withheld sufficient shares for payment of required tax obligations.
Footnote F4
No shares were sold; these shares were withheld to satisfy tax withholding requirements.
Footnote F5
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.
Footnote F6
Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
Footnote F7
100% of the restricted stock units will vest on February 5, 2029, the 3-year anniversary of the grant date.
Footnote F8
Each of these MSUs 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.
SEC remarks
After the transactions reported on this Form 4, Mr. Forsyth increased his beneficial ownership to 220,030 shares, which includes 145,014 shares issuable upon exercise of vested stock options held by Mr. Forsyth and 75,016 shares held directly.