Cirrus Logic, Inc. - Mar 5, 2025 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Chief Financial Officer
Signature
By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Woolard
Stock symbol
CRUS
Transactions as of
Mar 5, 2025
Transactions value $
$0
Form type
4
Date filed
3/7/2025, 04:18 PM
Previous filing
Mar 5, 2025
SEC
View on sec.gov

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 Performance Shares Award $0 +9.27K $0.00 9.27K Mar 5, 2025 Common Stock 9.27K Direct F1
transaction CRUS Restricted Stock Units Award $0 +14.2K $0.00 14.2K Mar 5, 2025 Common Stock 14.2K Direct F2, F3
transaction CRUS Restricted Stock Units Award $0 +23.7K $0.00 23.7K Mar 5, 2025 Common Stock 23.7K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 5, 2025, and ending on March 5, 2028.
F2 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F3 50% of the restricted stock units will vest on March 5, 2026, and the remaining shares will vest on March 5, 2027.
F4 20% of the restricted stock units will vest on March 5, 2026, 40% will vest on March 5, 2027, and the remaining shares will vest on March 5, 2028.

Remarks:

This Form 4 and Mr. Woolard's previously filed Form 3 filed on March 5, 2025, were submitted using the SEC codes of Cirrus Logic, Inc. on behalf of the reporting person, Jeffrey Woolard, Chief Financial Officer of Cirrus Logic, Inc. Mr. Woolard submitted a request for his SEC codes on March 3, 2025.