Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CRUS | Non-Qualified Stock Option (right to buy) | Options Exercise | $0 | -500 | -3.12% | $0.00 | 15.5K | Feb 8, 2024 | Common Stock | 500 | $82.81 | Direct | F1, F2 |
transaction | CRUS | Incentive Stock Option (right to buy) | Award | $0 | +1.07K | $0.00 | 1.07K | Feb 8, 2024 | Common Stock | 1.07K | $93.24 | Direct | F3 | |
transaction | CRUS | Non-Qualified Stock Option (right to buy) | Award | $0 | +11.5K | $0.00 | 11.5K | Feb 8, 2024 | Common Stock | 11.5K | $93.24 | Direct | F3 | |
transaction | CRUS | Performance Shares | Award | $0 | +3.54K | +66.75% | $0.00 | 8.83K | Feb 8, 2024 | Common Stock | 3.54K | Direct | F4 | |
transaction | CRUS | Restricted Stock Units | Award | $0 | +5.36K | +53.09% | $0.00 | 15.5K | Feb 8, 2024 | Common Stock | 5.36K | Direct | F5, F6 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on May 26, 2023. |
F2 | Only vested shares can be exercised under this option. 25% of the shares will vest on 5/4/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 5/4/26. |
F3 | 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. |
F4 | 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. |
F5 | Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. |
F6 | 100% of the restricted stock units will vest on 2/8/27, the 3-year anniversary of the grant date. |