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 | +2.58K | $0.00 | 2.58K | Jul 28, 2023 | Common Stock | 2.58K | Direct | F1, F2, F3 | ||
transaction | CRUS | Non-Qualified Stock Option (right to buy) | Award | $0 | +6.13K | $0.00 | 6.13K | Jul 28, 2023 | Common Stock | 6.13K | $81.54 | Direct | F4 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. |
F2 | Restricted Stock Units granted upon her first election to the Cirrus Logic, Inc. Board of Directors. |
F3 | 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. |
F4 | Only vested shares can be exercised under this option. 25% of the shares will vest and become exercisable on 07/28/24; the remaining shares will vest monthly thereafter over the following 36 months so that the option is fully vested and exercisable on 07/28/27. |