Quick Takeaways
- This page summarizes Gregory Scott Thomas's Form 4 filing for CIRRUS LOGIC, INC. (CRUS).
- 3 reported transactions and 3 derivative rows are listed below.
- Filing timestamp: 10 Feb 2025, 17:05.
Gregory Scott Thomas - 06 Feb 2025 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)
- Role
- EVP, General Counsel
- Signature
- Gregory Scott Thomas
- Issuer symbol
- CRUS
- Transactions as of
- 06 Feb 2025
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 10 Feb 2025, 17:05:38 UTC
- Previous filing
- 13 Jun 2024
- Next filing
- 04 Mar 2025
- SEC
- View on sec.gov
Quoteable Key Fact
"Gregory Scott Thomas filed Form 4 for CIRRUS LOGIC, INC. (CRUS) on 10 Feb 2025."
What Changed
- Previous filing in this sequence was filed on 13 Jun 2024.
- Current net transaction value: $0.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
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 | +4,470 | +46% | $0.000000 | 14,089 | 06 Feb 2025 | Common Stock | 4,470 | Direct | F1, F2 | |
| transaction | CRUS | Performance Shares | Award | $0 | +4,470 | $0.000000 | 4,470 | 06 Feb 2025 | Common Stock | 4,470 | Direct | F3 | ||
| transaction | CRUS | Performance Shares | Award | $0 | +2,665 | +38% | $0.000000 | 9,634 | 06 Feb 2025 | Common Stock | 2,665 | 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 | 100% of the restricted stock units will vest on 2/6/28, the 3-year anniversary of the grant date. |
| F3 | These performance shares reflect performance-based restricted stock units that we refer to as Performance Stock Units (PSUs). Each PSU 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 PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the our Compensation Committee, over a three-fiscal-year performance period beginning with fiscal year 2026 and ending at the conclusion of fiscal year 2028. The PSUs vest, at level in accordance with their associated performance criteria, in three tranches, with each vest occurring shortly after the public reporting of financial results for each fiscal year of that performance period. The PSU performance metrics involve revenue and revenue growth within strategic markets that extend beyond our core market, as guided by our strategic plan. |
| F4 | These performance shares reflect performance-based restricted stock units that we refer to as Market Stock Units (MSUs). Each MSU 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 MSUs 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 6, 2025, and ending on February 6, 2028. The MSU performance metrics involve total shareholder return (TSR) relative to the component companies of the Russell 3000 index. |