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 | +1.62K | $0.00 | 1.62K | Jul 26, 2024 | Common Stock | 1.62K | Direct | F1, F2, F3 | ||
transaction | CRUS | Non-Qualified Stock Option (right to buy) | Award | $0 | +4.16K | $0.00 | 4.16K | Jul 26, 2024 | Common Stock | 4.16K | $129.24 | 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 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. |