Form 4: Cirrus Logic Director David Tupman Receives New RSU Grant and Vests Existing Units

Cirrus Logic, Inc. Director David J. Tupman reported the vesting of 1,624 restricted stock units and the grant of 1,998 new restricted stock units following his re-election to the Board.

Summary

• David J. Tupman, a Director of Cirrus Logic, Inc. (CRUS), reported transactions involving the company's common stock and restricted stock units (RSUs).
• On July 26, 2025, 1,624 restricted stock units vested, resulting in the acquisition of 1,624 shares of common stock at a price of $0.
• Following this transaction, David J. Tupman beneficially owns 25,918 shares of common stock.
• On July 29, 2025, David J. Tupman was granted 1,998 new restricted stock units upon his re-election to Cirrus Logic, Inc.'s Board of Directors.
• These new restricted stock units represent a contingent right to receive one share of common stock per unit.
• The 1,998 new restricted stock units will vest 100% on the earlier of the date of the Company's next Annual Meeting or July 29, 2026, which is the 1-year anniversary of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a Form 4 primarily reports routine insider transactions, the grant of new equity to a director upon re-election signifies continued commitment and alignment of interests, which is generally viewed favorably by investors. It does not, however, indicate significant operational or financial news.

Positives

• The grant of 1,998 new restricted stock units to Director David J. Tupman indicates continued alignment of his interests with shareholders through equity compensation.
• The vesting of 1,624 restricted stock units demonstrates the fulfillment of prior compensation agreements and retention of a key director.

Future Outlook

The 1,998 new restricted stock units granted to Director Tupman are scheduled to vest on the earlier of the Company's next Annual Meeting or July 29, 2026, indicating a future milestone for this compensation.

Industry Context

This filing represents a routine insider compensation disclosure, common across publicly traded companies, where directors receive equity grants as part of their compensation package to align their interests with long-term shareholder value. It does not provide specific insights into broader industry trends for the semiconductor or audio technology sectors.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a standard practice in the technology sector, including companies comparable to Cirrus Logic such as Analog Devices (ADI), NXP Semiconductors (NXPI), and Qualcomm (QCOM).
• The vesting schedule, tied to either an annual meeting or a one-year anniversary, is typical for director equity grants, aiming to retain board members and incentivize long-term performance.

Related Party Transactions

• The grant of 1,998 restricted stock units to Director David J. Tupman is a related party transaction, representing compensation for his service on the Board of Directors.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholder value creation, potentially encouraging long-term strategic decisions.
• Employees: This filing primarily concerns director compensation and does not directly impact the broader employee base.

Next Steps

• The 1,998 new restricted stock units are expected to vest on the earlier of the Company's next Annual Meeting or July 29, 2026.

Key Dates

Keywords

Cirrus Logic, CRUS, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Stock Vesting