Form 4: Cirrus Logic Director Alexander Davern Reports Stock Transactions
SEC Form 4 Filing
Alexander Davern, a director at Cirrus Logic, reported the acquisition and disposal of common stock and restricted stock units on July 26, 2024.
Summary
- On July 26, 2024, Alexander Davern, a director of Cirrus Logic, Inc., reported transactions involving the company's stock.
- Davern acquired 2,575 shares of common stock at $0 and disposed of 2,575 restricted stock units.
- Following these transactions, Davern directly owns 21,907 shares of Cirrus Logic common stock and 1,624 restricted stock units.
- The restricted stock units were granted upon re-election to Cirrus Logic, Inc.'s Board of Directors and will vest on the earlier of the next Annual Meeting date or July 26, 2025.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a company director.
Next Steps
- The restricted stock units will vest on the earlier of the company's next Annual Meeting or July 26, 2025.
Key Dates
| Date | Description |
|---|---|
| 07/28/2023 | Expiration Date of Restricted Stock Units |
| 07/26/2024 | Date of earliest transaction; vesting date of restricted stock units; grant date of new restricted stock units |
| 07/26/2025 | 1-year anniversary of the grant date of restricted stock units |
| 07/30/2024 | Date of 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.