Form 4: Cirrus Logic Exec John Forsyth Adjusts Holdings

John Forsyth, CEO and Director of Cirrus Logic, reported a transaction involving performance stock units and tax withholdings.

Summary

• John Forsyth, CEO and Director of Cirrus Logic, reported a transaction on May 21, 2026.
• 6,171 shares of common stock vested as performance-based restricted stock units (PSUs).
• The vesting was based on performance metrics over the first fiscal year of a three-year performance period (FY2026-FY2028).
• The payout percentage for FY2026 was 72.5%, applied to an annual baseline allocation of 8,513 PSUs.
• Shares were withheld to cover tax obligations, resulting in 6,171 shares vesting.
• An additional transaction involved 2,429 shares disposed of at $166.62 per share, which were also withheld for tax purposes.
• Following these transactions, Forsyth beneficially owns 73,758 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine executive compensation transactions rather than significant strategic shifts or performance deviations.

Positives

• Vesting of performance stock units indicates achievement of pre-established performance metrics.
• The company is managing tax obligations efficiently by withholding shares.

Negatives

• A portion of vested shares were withheld for tax purposes, reducing the immediate net shares received by the executive.
• The payout percentage of 72.5% suggests that performance targets were not fully met for the period.

Future Outlook

The performance period for the PSUs extends through fiscal year 2028, suggesting ongoing performance-based compensation tied to future results.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executive and director stock transactions, providing transparency into insider activity. The details of PSU vesting and tax withholding are common practices in executive compensation within the semiconductor industry.

Stakeholder Impact

• Shareholders: Increased transparency into executive compensation and insider holdings.
• Employees: Indirectly reflects company performance metrics tied to executive bonuses.
• Management: Standard reporting of compensation-related stock transactions.

Key Dates

Keywords

Form 4, Insider Trading, Cirrus Logic, CRUS, John Forsyth, Performance Stock Units, Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership