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 | +4.83K | $0.00 | 4.83K | May 4, 2022 | Common Stock | 4.83K | $82.81 | Direct | F1 | |
transaction | CRUS | Non-Qualified Stock Option (right to buy) | Award | $0 | +16K | $0.00 | 16K | May 4, 2022 | Common Stock | 16K | $82.81 | Direct | F1 | |
transaction | CRUS | Performance Shares | Award | $0 | +2.95K | $0.00 | 2.95K | May 4, 2022 | Common Stock | 2.95K | Direct | F2 | ||
transaction | CRUS | Restricted Stock Units | Award | $0 | +10.3K | $0.00 | 10.3K | May 4, 2022 | Common Stock | 10.3K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Only vested shares can be exercised under this option. 25% of the shares will vest on 5/4/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 5/4/26. |
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 May 4, 2022, and ending on May 4, 2025. |
F3 | Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. |
F4 | One-third of the shares will vest annually from the date of grant over a three-year period. |