Form 4: Cirrus Logic Director Duy-Loan T. Le Reports Stock Transactions

Director Duy-Loan T. Le reports acquisition and disposal of Cirrus Logic stock and restricted stock units on July 26, 2024.

Summary

• On July 26, 2024, Duy-Loan T. Le, a director of Cirrus Logic, Inc., reported transactions involving the company's stock.
• Le acquired 2,575 shares of common stock.
• Le also disposed of 2,575 restricted stock units that vested on the same date.
• Additionally, Le acquired 1,624 restricted stock units upon re-election to the Board of Directors, which will vest on the earlier of the next Annual Meeting or July 26, 2025.
• Following these transactions, Le directly owns 2,575 shares of common stock and 1,624 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of restricted stock units upon re-election to the board signals continued commitment to the company.

Future Outlook

The newly granted restricted stock units will vest on the earlier of the date 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 monitor the actions of those with privileged information.

Stakeholder Impact

• Shareholders can use this information to understand the actions of company insiders.

Key Dates