Form 4: Cirrus Logic Director David Tupman Reports Stock Transactions

Director David Tupman reports acquisition and disposal of Cirrus Logic stock and restricted stock units on July 26, 2024.

Summary

• On July 26, 2024, David J. Tupman, a director of Cirrus Logic, Inc., reported transactions involving the company's stock.
• Tupman acquired 2,575 shares of common stock at $0, and disposed of 2,575 restricted stock units.
• He also acquired 1,624 restricted stock units, which will vest on the earlier of the next Annual Meeting or July 26, 2025.
• Following these transactions, Tupman beneficially owns 24,294 shares of common stock and 1,624 restricted stock units.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a standard disclosure of stock transactions by a company director.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's long-term performance.

Future Outlook

The newly acquired restricted stock units will vest on the earlier of the company's next Annual Meeting or on July 26, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• Provides transparency to shareholders regarding director's stock ownership.

Key Dates