CEO John Forsyth Performance Stock Vesting and Tax Withholding
This Form 4 filing reports transactions by Cirrus Logic CEO John Forsyth related to performance-based restricted stock units (PSUs). On May 21, 2026, 6,171 shares of common stock vested from Forsyth's PSUs based on a 72.5% payout percentage for fiscal year 2026 performance metrics. The company withheld 2,429 shares at $166.62 per share to satisfy tax withholding requirements, resulting in a net increase of 3,742 shares. Additionally, 8,513 performance shares were disposed of as part of the vesting process. Following these transactions, Forsyth's direct holdings increased to 73,758 shares of common stock and he retains 17,028 performance shares. The filing includes detailed footnotes explaining that the PSU vesting was determined by pre-established performance metrics over a three-year period beginning with fiscal year 2026, and that no shares were actually sold - the disposed shares were solely for tax withholding purposes.