Denise Grode - 06 Feb 2023 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	+976		$0.000000	976	06 Feb 2023	Common Stock	976	$102.37	Direct	F1
transaction	CRUS	Non-Qualified Stock Option (right to buy)	Award	$0	+5,276		$0.000000	5,276	06 Feb 2023	Common Stock	5,276	$102.37	Direct	F1
transaction	CRUS	Performance Shares	Award	$0	+1,935	+75%	$0.000000	4,507	06 Feb 2023	Common Stock	1,935		Direct	F2
transaction	CRUS	Restricted Stock Units	Award	$0	+2,687	+30%	$0.000000	11,530	06 Feb 2023	Common Stock	2,687		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 annually so that the option will be fully vested and exercisable on 2/6/27.
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 February 6, 2023, and ending on February 6, 2026.
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 2/6/26, the 3-year anniversary of the grant date.