Form 4: Cirrus Logic Executive Denise Grode Reports Stock Transactions

Denise Grode, Chief Human Resources Officer at Cirrus Logic, reports the vesting of restricted stock units and subsequent transactions to cover tax obligations.

Summary

• On April 6, 2024, Denise Grode, Chief Human Resources Officer of Cirrus Logic, had restricted stock units vest.
• A total of 2,947 shares of common stock were acquired upon the vesting of these units.
• 745 shares were withheld to satisfy tax withholding requirements at a price of $91.77 per share.
• Following these transactions, Grode directly owns 4,410 shares of Cirrus Logic common stock and 8,675 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity, which is neither particularly positive nor negative. The transactions are part of a standard compensation plan.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the company's total outstanding shares.
• The transactions impact the executive's personal holdings in the company.

Key Dates