Form 4: Cirrus Logic Executive Sells Shares for Tax Withholding

Cirrus Logic EVP Carl Alberty reports a transaction involving the vesting and withholding of shares for tax purposes.

Summary

• Carl Jackson Alberty, EVP, MSP at Cirrus Logic, Inc., reported a transaction on May 21, 2026.
• 1,080 shares of common stock vested as performance-based restricted stock units (PSUs).
• The vesting was based on pre-established performance metrics over the first fiscal year of a three-year performance period (FY2026-FY2028).
• The payout percentage for FY2026 was 72.5% of the annual baseline allocation of 1,490 PSUs.
• Sufficient shares were withheld to cover required tax obligations.
• An additional 419 shares were disposed of at a price of $166.62, also for tax withholding purposes.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details a standard executive compensation event involving tax withholding rather than a significant change in beneficial ownership or a strategic company move.

Positives

• Performance-based restricted stock units vested, indicating achievement of performance metrics.
• The vesting of 1,080 shares suggests that the executive met a portion of the performance goals set for the fiscal year 2026.

Negatives

• A portion of the vested shares (1,080) were withheld for tax obligations, reducing the executive's immediate take-home shares.
• An additional 419 shares were disposed of for tax withholding, further reducing the net shares received by the executive.

Future Outlook

The filing pertains to a past transaction and does not contain forward-looking statements or guidance regarding future company performance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and share ownership changes. This specific filing details the mechanics of performance-based equity vesting and the common practice of share withholding for tax purposes.

Stakeholder Impact

• Shareholders: The transaction provides transparency into executive compensation and potential dilution from vested shares, though the withholding for taxes is a standard practice that mitigates immediate selling pressure.
• Employees: The vesting of performance shares indicates that company performance targets were met, which can be a positive signal for employee morale.
• Management: The transaction reflects the compensation structure for key executives and the practicalities of managing tax liabilities associated with equity awards.

Key Dates

Keywords

Form 4, SEC Filing, Cirrus Logic, CRUS, Stock Transaction, Executive Compensation, Restricted Stock Units, Performance Shares, Tax Withholding, Insider Trading