Deirdre Hanford - 28 Jul 2023 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas attorney-in-fact For: Deirdre Hanford
Issuer symbol
CRUS
Transactions as of
28 Jul 2023
Net transactions value
$0
Form type
4
Filing time
01 Aug 2023, 18:00:45 UTC
Previous filing
02 Aug 2022
Next filing
30 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Award $0 +2,457 +34% $0.000000 9,724 28 Jul 2023 Direct F1, F2

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 Restricted Stock Units Award $0 +2,575 +105% $0.000000 5,032 28 Jul 2023 Common Stock 2,575 Direct F3, F4, F5
transaction CRUS Restricted Stock Units Options Exercise $0 -2,457 -49% $0.000000 2,575 28 Jul 2023 Common Stock 2,457 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on July 28, 2023.
F2 Expiration Date of July 28, 2023.
F3 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F4 Restricted Stock Units granted upon re-election to Cirrus Logic, Inc. Board of Director.
F5 100% of the restricted stock units will vest on the earlier of: (a) the date of the Company's next Annual Meeting or (b) on 07/28/24, the 1-year anniversary of the grant date.