Cirrus Logic (CRUS) Director Catherine Lego Receives RSU Vesting & Grant

What Happened

• Catherine P. Lego, a director of Cirrus Logic, had 1,998 restricted stock units (RSUs) vest and be converted to 1,998 shares on July 29, 2026 (reported as an exercise/conversion of a derivative, code M) at $0 per share. She was also granted 1,623 new RSUs on July 31, 2026 (code A) with no cash exchanged (reported $0).
• These were director compensation actions (vesting and a board re-election grant), not open-market purchases or sales.

Key Details

• Transaction dates and types:
  • 2026-07-29: Vesting/conversion of 1,998 RSUs to common shares (code M), $0.00 per share.
  • 2026-07-29: Reporting shows an award/acquisition entry for the same 1,998 shares (code A) with $0.00 (reflecting the vesting conversion).
  • 2026-07-31: Grant of 1,623 RSUs (code A), $0.00 shown (derivative/contingent award).
• Total cash exchanged: $0 (non-cash RSU vesting and grant).
• Post-transaction holdings: Not disclosed in the provided extract.
• Notable footnotes:
  • F1/F4: Each RSU is economically equivalent to one share and represents a contingent right to one share.
  • F1: The 1,998 RSUs vested on July 29, 2026.
  • F5: The 1,623 RSUs were granted upon re-election to the Board.
  • F6: The new RSUs vest 100% on the earlier of the company’s next Annual Meeting or July 31, 2027 (one-year anniversary).
  • F3: Shares are held in the Catherine Pierson Lego Trust (she is trustee and beneficiary).
  • F2: Notes an expiration date of July 29, 2026 for the referenced derivative entry.
• Filing timeliness: Report filed July 31, 2026 for July 29 transactions — within the ordinary two-business-day Form 4 window (no late filing indicated in the provided data).

Context

• RSUs are compensation awards that convert into shares when they vest; the $0 reporting here indicates no cash purchase — these were compensation-related share issuances/conversions, not market purchases or sales.
• Director RSU grants on re-election are routine corporate governance compensation and do not necessarily signal a personal investment decision. No sale or open-market trade occurred in this filing.