Form 4: Cirrus Logic CFO Venkatesh Nathamuni Reports Stock Transactions
SEC Form 4 Filing
Cirrus Logic's CFO, Venkatesh Nathamuni, reports the vesting of restricted stock units and subsequent transactions to cover tax obligations.
Summary
- On May 4, 2024, Venkatesh Nathamuni, CFO of Cirrus Logic, Inc., had restricted stock units vest.
- A total of 3,421 restricted stock units vested, each equivalent to one share of common stock.
- 831 shares were withheld to satisfy tax withholding requirements at a price of $88.48 per share.
- Nathamuni now beneficially owns 4,177 shares of common stock directly.
- Following the reported transactions, Nathamuni holds 12,043 derivative securities (Restricted Stock Units).
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of earliest transaction, vesting of restricted stock units, and tax withholding. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.