Alberty Carl Jackson 4

4 · CIRRUS LOGIC, INC. · Filed May 26, 2026

AI-generated summary of this filing

Updated May 26, 2026

Cirrus Logic (CRUS) EVP Alberty Carl Jackson Receives 1,080 Shares

What Happened

Alberty Carl Jackson, EVP (MSP) of Cirrus Logic (CRUS), had 1,080 performance-based restricted stock units (PSUs) vest on May 21, 2026. The PSUs converted to common shares (reported as exercise/conversion of a derivative at $0.00). The company withheld 419 shares to cover tax obligations, valued at $166.62 per share (total withholding ≈ $69,814). Net shares delivered to Mr. Jackson: 661 shares (1,080 vested − 419 withheld). This was a vesting/award event, not an open-market purchase or sale.

Key Details

Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (appears later than the typical 2-business-day filing window).
Reported transactions:
- Acquired 1,080 shares via exercise/conversion of derivative (price $0.00).
- 419 shares withheld/payable for tax liability at $166.62/share = $69,814.
Shares owned after transaction: not reported in the filing.
Footnotes:
- F1: Vesting based on pre-established performance metrics — baseline allocation 1,490 PSUs, payout for FY2026 = 72.5%, yielding 1,080 vested shares.
- F2: No shares were sold on the open market; shares were withheld solely to satisfy tax withholding.
Filing timeliness: Form filed five days after the transaction date; this appears late relative to the usual 2-business-day Form 4 deadline.

Context

These were performance-based RSUs (PSUs) converting into common stock as part of compensation; the withholding of shares to cover taxes is routine and not an open-market sale. Derivative entries on Form 4 reflect the conversion of PSUs to common stock rather than option exercises for cash.

Form 4

Period: 2026-05-21

EVP, MSP

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-21+1,080→ 40,858 total
Tax Payment
Common Stock
[F2]
2026-05-21$166.62/sh−419$69,814→ 40,439 total
Exercise/Conversion
Performance Shares
[F1]
2026-05-21−1,490→ 2,980 total
From: 2026-05-21Exp: 2026-05-21→ Common Stock (1,490 underlying)

Footnotes (2)

[F1]The number of performance-based restricted stock units that we refer to as Performance Stock Units (PSUs) that vested was determined based on pre-established performance metrics, as approved by the Company's Compensation Committee, over the first fiscal year of a three-fiscal-year performance period beginning with fiscal year 2026 and ending at the conclusion of fiscal year 2028. A payout percentage was determined based on the level of performance achieved and then multiplied by the annual baseline allocation of PSUs for this tranche. Mr. Alberty's annual baseline allocation of PSUs was 1,490, and the payout percentage for fiscal year 2026 was 72.5%. Therefore, 1,080 shares of common stock vested, and the Company withheld sufficient shares for payment of required tax obligations.
[F2]No shares were sold; these shares were withheld to satisfy tax withholding requirements.

Signature

By: Gregory Scott Thomas attorney-in-fact For: Carl Jackson Alberty|2026-05-26

1 file