Form 4: Cirrus Logic Director Catherine Lego Reports Stock Transactions
SEC Form 4 Filing
Director Catherine Lego reports acquisition and disposal of Cirrus Logic stock and restricted stock units.
Summary
- Catherine Lego, a director of Cirrus Logic, reported transactions involving the company's stock on July 26, 2024.
- She acquired 2,575 shares of common stock upon vesting of restricted stock units.
- She disposed of 3,000 shares held indirectly through a trust.
- She was also granted 1,624 restricted stock units that will vest on the earlier of the next Annual Meeting or July 26, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the director.
Key Dates
| Date | Description |
|---|---|
| 05/09/07 | Date of Catherine Pierson Lego Trust UA DTD |
| 07/28/2023 | Expiration date of restricted stock units |
| 07/26/2024 | Date of stock and restricted stock unit transactions |
| 07/30/2024 | Date of report |
| 07/26/2025 | 1-year anniversary of the grant date for restricted stock units |
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