CIRRUS LOGIC, INC. — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2022-03-02

Reporting Person: THOMAS SCOTT (Sr VP, General Counsel &)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-02	Incentive Stock Option (right to buy)	$88.0	A	1150	Acquired	2032-03-02	Common Stock (1150)	Direct
2022-03-02	Non-Qualified Stock Option (right to buy)	$88.0	A	5892	Acquired	2032-03-02	Common Stock (5892)	Direct
2022-03-02	Performance Shares	$	A	2443	Acquired		Common Stock (2443)	Direct
2022-03-02	Restricted Stock Units	$	A	3031	Acquired		Common Stock (3031)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26.

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 March 2, 2022, and ending on March 2, 2025.

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 3/2/25, the 3-year anniversary of the grant date.