Woolard Jeffrey 4

What Happened

• Jeffrey Woolard, Chief Financial Officer of Cirrus Logic (CRUS), had 11,862 restricted stock units (RSUs) convert into common shares on March 5, 2026. The filing shows 11,862 shares were issued and 3,884 of those shares were withheld to satisfy tax withholding (reported at $134.28 per share, totaling $521,544). After withholding, Woolard received a net of 7,978 shares. The gross value of the vested shares was about $1,592,829 and the net retained shares are worth roughly $1,071,286 (based on the $134.28 price shown).

Key Details

• Transaction date: March 5, 2026 (reported on Form 4 filed March 9, 2026).
• Transaction types/codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld for tax withholding.
• Share counts and prices: 11,862 RSUs vested; 3,884 shares withheld at $134.28 each (withholding = $521,544).
• Net shares received: 7,978 shares (11,862 issued − 3,884 withheld).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1/F2 confirm no open-market sale occurred — shares were withheld to satisfy tax withholdings; F2 clarifies each RSU equals one share and vested on March 5, 2026; F3 notes an expiration date of 03/05/26 for the derivative.
• Timeliness: Filing date (Mar 9) matches the standard Form 4 reporting window for a Mar 5 transaction, so this appears timely.

Context

• This was a vesting of RSUs, not an open-market purchase or discretionary sale. The withholding of 3,884 shares is a routine cashless-withholding to pay taxes and should not be read as a directional sale by the insider.
• In SEC Form 4 terms: M indicates conversion/exercise of a derivative (here conversion of RSUs into shares) and F reflects shares withheld to cover tax obligations.