CIRRUS LOGIC, INC. — Director's Dealing 2023

Feb 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2023-02-06

Reporting Person: Forsyth John (Director, CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-06	Incentive Stock Option (right to buy)	$102.37	A	976	Acquired	2033-02-06	Common Stock (976.0)	Direct
2023-02-06	Non-Qualified Stock Option (right to buy)	$102.37	A	48275	Acquired	2033-02-06	Common Stock (48275.0)	Direct
2023-02-06	Performance Shares	$	A	15239	Acquired		Common Stock (15239.0)	Direct
2023-02-06	Restricted Stock Units	$	A	21166	Acquired		Common Stock (21166.0)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest annually so that the option will be fully vested and exercisable on 2/6/27.

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 February 6, 2023, and ending on February 6, 2026.

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 2/6/26, the 3-year anniversary of the grant date.