Muhammad Raghib Hussain - 29 Sep 2021 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas For: Muhammad Raghib Hussain
Issuer symbol
CRUS
Transactions as of
29 Sep 2021
Net transactions value
$0
Form type
4
Filing time
01 Oct 2021, 20:17:15 UTC
Previous filing
17 Aug 2021
Next filing
19 Oct 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRUS Non-Qualified Stock Option (right to buy) Award $0 +7,238 $0.000000 7,238 29 Sep 2021 Common Stock 7,238 $82.14 Direct F1
transaction CRUS Restricted Stock Units Award $0 +1,925 $0.000000 1,925 29 Sep 2021 Common Stock 1,925 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Only vested shares can be exercised under this option. 25% of the shares will vest and become exercisable on 9/29/22. The remaining shares will vest monthly thereafter over the following 36 months so that the option is fully vested and exercisable on 9/29/25.
F2 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F3 Shares granted upon his appointment to the Cirrus Logic, Inc. Board of Directors.
F4 100% of the restricted stock units will vest on the date of the Company's next Annual Meeting