William D. Mosley - 26 Jul 2024 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas attorney-in-fact For: WIlliam D. Mosley
Issuer symbol
CRUS
Transactions as of
26 Jul 2024
Net transactions value
$0
Form type
4
Filing time
30 Jul 2024, 16:30:03 UTC
Previous filing
11 Sep 2024
Next filing
09 Aug 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 Restricted Stock Units Award $0 +1,624 $0.000000 1,624 26 Jul 2024 Common Stock 1,624 Direct F1, F2, F3
transaction CRUS Non-Qualified Stock Option (right to buy) Award $0 +4,163 $0.000000 4,163 26 Jul 2024 Common Stock 4,163 $129.24 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 his first election to Cirrus Logic, Inc.'s 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 07/26/25, 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 became exercisable on 07/26/25; the remaining shares will vest monthly thereafter over the following 36 months so that the option is fully vested and exercisable on 07/26/28.