Form 4: Cirrus Logic Director William Mosley Receives New RSU Grant Following Re-election

Cirrus Logic, Inc. Director William D. Mosley was granted 1,998 restricted stock units (RSUs) following his re-election to the Board, while 1,624 previously held RSUs vested and converted to common stock.

Summary

• William D. Mosley, a Director of Cirrus Logic, Inc. (CRUS), acquired 1,624 shares of common stock on July 26, 2025, resulting from the vesting of previously held restricted stock units.
• Each of these restricted stock units was economically equivalent to one share of common stock and vested on July 26, 2025.
• Mosley was granted an additional 1,998 restricted stock units on July 29, 2025, upon his re-election to Cirrus Logic, Inc.'s Board of Directors.
• These newly granted 1,998 restricted stock units represent a contingent right to receive one share of Cirrus Logic common stock each.
• The 1,998 restricted stock units will vest 100% on the earlier of the Company's next Annual Meeting or July 29, 2026, which is the one-year anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects standard compensation practices for a director, aligning their interests with the company's long-term performance through equity awards. It indicates stability in corporate governance and continued commitment from a board member.

Positives

• The grant of 1,998 restricted stock units to Director William D. Mosley upon his re-election aligns his interests with those of shareholders, promoting long-term commitment and performance.
• The vesting of 1,624 restricted stock units demonstrates the realization of prior compensation incentives for the director.

Future Outlook

The vesting schedule for the newly granted restricted stock units indicates a future commitment period for the director, aligning his incentives with the company's performance through at least the next annual meeting or July 29, 2026.

Industry Context

The granting of restricted stock units to directors is a common practice in the technology and semiconductor industry, used to attract and retain talent, and to align the interests of board members with long-term shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice across publicly traded companies, including those in the semiconductor sector like Qualcomm, Broadcom, and NVIDIA, which often utilize equity awards to incentivize long-term performance and align director interests with shareholders.
• The vesting schedule, tied to either the next annual meeting or a one-year anniversary, is typical for director RSU grants, similar to practices observed at companies such as Analog Devices or Texas Instruments, ensuring continued engagement and oversight.

Corporate Governance

Related Party Transactions

• The grant of 1,998 restricted stock units to William D. Mosley, a Director, constitutes a related party transaction as it is compensation provided by the company to a member of its board.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholders, potentially leading to decisions that enhance long-term stock value.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 1,998 restricted stock units granted on July 29, 2025, are expected to vest on the earlier of the Company's next Annual Meeting or July 29, 2026.

Key Dates

Keywords

Cirrus Logic, CRUS, William D. Mosley, Director, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Equity Compensation, Corporate Governance