Cirrus Logic Director Hussain Raghib Receives RSU Awards

What Happened
Hussain Muhammad Raghib, a director of Cirrus Logic, had 1,998 restricted stock units (RSUs) vest on July 29, 2026; those RSUs were converted into 1,998 shares (reported as an exercise/conversion) at $0.00. On July 31, 2026 he was granted 1,623 additional RSUs (reported at $0.00). No cash was paid or received in these transactions — these are awards/vestings rather than open‑market buys or sales.

Key Details

• Transaction dates and amounts:
  • 2026-07-29: 1,998 RSUs vested/acquired (reported A) and converted/exercised into 1,998 shares (reported M) at $0.00.
  • 2026-07-31: 1,623 RSUs granted (reported A) at $0.00.
• Reported dollar value: $0.00 for all items (typical for RSU grants/vests when no cash consideration is exchanged).
• Shares owned after transaction: Not specified in the provided filing.
• Relevant footnotes from the filing:
  • F1/F3: Each RSU equals a contingent right to one share; the 1,998 RSUs vested on July 29, 2026.
  • F2: An expiration date of July 29, 2026 is noted for the applicable award/derivative.
  • F4: RSUs were granted upon re‑election to the Board.
  • F5: The new RSUs vest 100% on the earlier of the company’s next annual meeting or July 31, 2027 (one‑year anniversary).
• Filing/timeliness: Form filed on 2026-07-31; the filing does not indicate lateness.

Context
These transactions are routine director equity awards and vesting events, not open‑market purchases or sales. Vesting/conversion of RSUs increases the director’s common shares but involves no market purchase or sale unless shares are subsequently sold. New RSU grants typically carry vesting conditions (here, full vesting by the next annual meeting or one year).