ALEXANDER DAVERN - 29 Jul 2022 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas For: Davern, Alexander
Issuer symbol
CRUS
Transactions as of
29 Jul 2022
Transactions value $
$0
Form type
4
Filing time
02 Aug 2022, 20:31:37 UTC
Previous filing
31 May 2022
Next filing
10 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Award $0 +2,300 +13.1% $0.000000 19,875 29 Jul 2022 Direct F1, F2

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 +2,457 +107% $0.000000 4,757 29 Jul 2022 Common Stock 2,457 Direct F3, F4, F5
transaction CRUS Restricted Stock Units Options Exercise $0 -2,300 -48.3% $0.000000 2,457 29 Jul 2022 Common Stock 2,300 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock units vested on July 29, 2022.
F2 Expiration Date of July 29, 2022.
F3 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F4 Restricted Stock Units granted upon re-election to the Cirrus Logic, Inc. Board of Directors.
F5 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 7/29/23, the 1-year anniversary of the grant date.