Filing Details
- Accession Number:
- 0001273902-24-000004
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-09 17:33:54
- Reporting Period:
- 2024-02-07
- Accepted Time:
- 2024-02-09 17:33:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 772406 | Cirrus Logic Inc. | CRUS | Semiconductors & Related Devices (3674) | 770024818 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1617143 | Andrew Brannan | 800 West 6Th Street Austin TX 78701 | Vp, Worldwide Sales | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2024-02-07 | 500 | $90.01 | 6,055 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-02-07 | 3,000 | $41.49 | 9,055 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-07 | 3,000 | $92.00 | 6,055 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-02-08 | 3,250 | $41.49 | 9,305 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-08 | 3,250 | $94.00 | 6,055 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2024-02-07 | 3,000 | $0.00 | 3,000 | $41.49 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2024-02-08 | 3,250 | $0.00 | 3,250 | $41.49 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2024-02-08 | 7,548 | $0.00 | 7,548 | $93.24 |
| Common Stock | Performance Shares | Acquisiton | 2024-02-08 | 2,121 | $0.00 | 2,121 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2024-02-08 | 3,218 | $0.00 | 3,218 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,250 | 2028-11-07 | No | 4 | M | Direct | |
| 0 | 2028-11-07 | No | 4 | M | Direct | |
| 7,548 | 2034-02-08 | No | 4 | A | Direct | |
| 8,686 | No | 4 | A | Direct | ||
| 12,257 | No | 4 | A | Direct |
Footnotes
- This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on May 26, 2023.
- Only vested shares can be exercised under this option. 25% of the shares vested on 11/7/19; the remaining shares vested monthly over the following 36 months so that the option were fully vested and exercisable on 11/7/22.
- 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.
- 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.
- Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- 100% of the restricted stock units will vest on 2/8/27, the 3-year anniversary of the grant date.
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