Woolard Jeffrey 4
4 · CIRRUS LOGIC, INC. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Cirrus Logic (CRUS) CFO Jeffrey Woolard Receives Award
What Happened
Jeffrey Woolard, Chief Financial Officer of Cirrus Logic (CRUS), was granted equity awards on February 5, 2026: 11,242 restricted stock units (RSUs) and 9,058 performance-based Market Stock Units (MSUs). Both grants show an acquisition price of $0.00 (these are compensation awards, not purchases). The RSUs vest 100% on February 5, 2029; the MSUs vest at the end of the same three-year performance period and can pay out between 0% and 200% of one share per MSU depending on relative total shareholder return (TSR) vs. the Russell 3000.
Key Details
- Transaction date: February 5, 2026; Filing date: February 9, 2026 (filed within the standard 2-business-day window).
- Awards: 11,242 RSUs (F1,F2) and 9,058 MSUs (performance-based) (F3). Reported acquisition price: $0.00 (award/grant).
- Vesting: RSUs vest 100% on Feb 5, 2029. MSUs cover a Feb 5, 2026–Feb 5, 2029 performance period; each MSU can convert to up to 200% of one share based on TSR performance. The 9,058 MSUs could therefore convert to as many as 18,116 shares at maximum payout.
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnotes: F1 explains RSUs = contingent right to one share; F2 gives RSU vesting schedule; F3 explains MSU performance metrics (TSR vs. Russell 3000) and potential 0–200% payout.
- Filing timeliness: Not flagged late.
Context
These awards are part of executive compensation and do not represent an open-market purchase or sale. RSUs and MSUs are contingent on continued employment and/or performance and thus do not necessarily signal immediate insider sentiment about the stock. The MSU component ties a material portion of potential payout to relative TSR, aligning potential upside with shareholder returns over the three-year performance period.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-05+11,242→ 49,197 total→ Common Stock (11,242 underlying) - Award
Performance Shares
[F3]2026-02-05+9,058→ 18,332 total→ Common Stock (9,058 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- [F2]100% of the restricted stock units will vest on February 5, 2029, the 3-year anniversary of the grant date.
- [F3]These performance shares reflect performance-based restricted stock units that we refer to as Market Stock Units (MSUs). Each MSU represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the MSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on February 5, 2026, and ending on February 5, 2029. The MSU performance metrics involve total shareholder return (TSR) relative to the component companies of the Russell 3000 index.