Woolard Jeffrey 4

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.