Justin E. Dougherty - 08 Feb 2024 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Signature
By: Gregory Scott Thomas attorney-in-fact For: Justin E. Dougherty
Issuer symbol
CRUS
Transactions as of
08 Feb 2024
Transactions value $
$0
Form type
4
Date filed
09 Feb 2024, 18:11
Previous filing
08 Feb 2023
Next filing
26 Feb 2024

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 +1.07K $0.00 1.07K 08 Feb 2024 Common Stock 1.07K $93.24 Direct F1
transaction CRUS Non-Qualified Stock Option (right to buy) Award $0 +7.31K $0.00 7.31K 08 Feb 2024 Common Stock 7.31K $93.24 Direct F1
transaction CRUS Performance Shares Award $0 +2.36K +32.16% $0.00 9.69K 08 Feb 2024 Common Stock 2.36K Direct F2
transaction CRUS Restricted Stock Units Award $0 +3.58K +35.34% $0.00 13.7K 08 Feb 2024 Common Stock 3.58K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 02/08/28.
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 8, 2024, and ending on February 8, 2027.
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 2/8/27, the 3-year anniversary of the grant date.