Justin E. Dougherty - 02 Mar 2022 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

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	Incentive Stock Option (right to buy)	Award	$0	+1,100		$0.000000	1,100	02 Mar 2022	Common Stock	1,100	$88.00	Direct	F1
transaction	CRUS	Non-Qualified Stock Option (right to buy)	Award	$0	+5,942		$0.000000	5,942	02 Mar 2022	Common Stock	5,942	$88.00	Direct	F1
transaction	CRUS	Performance Shares	Award	$0	+2,443		$0.000000	2,443	02 Mar 2022	Common Stock	2,443		Direct	F2
transaction	CRUS	Restricted Stock Units	Award	$0	+3,031	+15%	$0.000000	23,408	02 Mar 2022	Common Stock	3,031		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Only vested shares can be exercised under this option. 25% of the shares will vest on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26.
F2	Each Performance-based Restricted Stock Unit (?PBRSU?) 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 PBRSUs 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 March 2, 2022, and ending on March 2, 2025.
F3	Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F4	100% of the restricted stock units will vest on 3/2/25, the 3-year anniversary of the grant date.