| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CRUS | Common Stock | Options Exercise | $0 | +912 | +15.06% | $0.00 | 6.97K | Mar 3, 2024 | Direct | F1 |
| transaction | CRUS | Common Stock | Tax liability | -$40.8K | -438 | -6.29% | $93.23 | 6.53K | Mar 3, 2024 | Direct | F2 |
| transaction | CRUS | Common Stock | Options Exercise | $0 | +3.51K | +53.78% | $0.00 | 10K | Mar 3, 2024 | Direct | |
| transaction | CRUS | Common Stock | Tax liability | -$157K | -1.69K | -16.79% | $93.23 | 8.35K | Mar 3, 2024 | Direct | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CRUS | Performance Shares | Options Exercise | $0 | -2.34K | -26.94% | $0.00 | 6.35K | Mar 3, 2024 | Common Stock | 2.34K | Direct | F3 | |
| transaction | CRUS | Restricted Stock Units | Options Exercise | $0 | -3.51K | -28.64% | $0.00 | 8.75K | Mar 3, 2024 | Common Stock | 3.51K | Direct | F4, F5 |
| Id | Content |
|---|---|
| F1 | The number of performance based RSUs (PBRSUs) that vested was determined based on pre-established performance metrics over a three-year period beginning March 3, 2021, and ending March 3, 2024, A total shareholder return (TSR) measurement was made relative to the component companies of the Philadelphia Semiconductor Index, which determined a payout percentage ranging between 0-200%. The payout percentage was then multiplied by a target number of PBRSUs. Mr. Brannan's target number of PBRSUs was 2,340, and Cirrus Logic's TSR for the three-year period resulted in a 39% payout percentage. Therefore, 912 shares of common stock vested. |
| F2 | No shares were sold; these shares were withheld to satisfy tax withholding requirements. |
| F3 | Each Performance-based RSU (PBRSU) represented 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 and Human Resources Committee, over a three-year performance period beginning on March 3, 2021, and ending on March 3, 2024. The number of shares reported here represents the target amount. On March 3, 2024, 39% of the target amount vested, and the Company withheld sufficient shares for payment of required tax obligations. |
| F4 | Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on March 3, 2024, and the Company withheld sufficient shares for payment of required tax withholdings. |
| F5 | Expiration Date of 03/3/24. |