Alberty Carl Jackson 4

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.