Form 4: Cirrus Logic Interim CFO Ulf Habermann Reports Share Transactions
SEC Form 4 Filing
Ulf Habermann, Interim CFO of Cirrus Logic, reports the vesting of restricted stock units and withholding of shares for tax obligations.
Summary
- On November 3, 2024, Ulf Habermann, Interim CFO of Cirrus Logic, had 4,457 shares of common stock vest.
- Concurrently, 1,086 shares were withheld to cover tax obligations at a price of $110.3 per share.
- Following these transactions, Habermann directly owns 28,106 shares of Cirrus Logic common stock.
- Habermann also had 4,457 restricted stock units vest on November 3, 2024, each equivalent to one share of common stock, leaving him with 11,364 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions. The late filing is a minor negative.
Risks
- The late filing was due to an inadvertent administrative error, which could raise concerns about internal controls.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 11/03/2024 | Date of stock vesting and tax withholding. |
| 02/10/2025 | Date of signature on the report. |
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