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CIRRUS LOGIC, INC. — Director's Dealing 2024
Feb 9, 2024
30880_dirs_2024-02-09_798f1ef5-693c-4c93-843f-05c60c3afd1a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2024-02-08
Reporting Person: Grode Denise (Chief Human Resources Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-08 | Incentive Stock Option (right to buy) | $93.24 | A | 1072 | Acquired | 2034-02-08 | Common Stock (1072) | Direct |
| 2024-02-08 | Non-Qualified Stock Option (right to buy) | $93.24 | A | 6056 | Acquired | 2034-02-08 | Common Stock (6056) | Direct |
| 2024-02-08 | Performance Shares | $ | A | 2003 | Acquired | Common Stock (2003) | Direct | |
| 2024-02-08 | Restricted Stock Units | $ | A | 3039 | Acquired | Common Stock (3039) | 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 02/08/28.
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 8, 2024, and ending on February 8, 2027.
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 2/8/27, the 3-year anniversary of the grant date.