Loan T. Le Duy - Jul 28, 2023 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas attorney-in-fact For: Duy Loan T. Le
Stock symbol
CRUS
Transactions as of
Jul 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/1/2023, 06:19 PM
Previous filing
May 5, 2023
Next filing
Aug 24, 2023

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 +2.58K $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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.