Filing Details
- Accession Number:
- 0001273902-23-000006
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-07 16:19:43
- Reporting Period:
- 2023-02-03
- Accepted Time:
- 2023-02-07 16:19:43
- 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 | Acquisiton | 2023-02-03 | 2,865 | $55.72 | 11,070 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 2,865 | $97.00 | 8,205 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-03 | 200 | $97.00 | 8,005 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2023-02-03 | 2,865 | $0.00 | 2,865 | $55.72 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2023-02-06 | 6,252 | $0.00 | 6,252 | $102.37 |
| Common Stock | Performance Shares | Acquisiton | 2023-02-06 | 1,935 | $0.00 | 1,935 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2023-02-06 | 2,687 | $0.00 | 2,687 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2027-11-01 | No | 4 | M | Direct | |
| 6,252 | 2033-02-06 | No | 4 | A | Direct | |
| 6,565 | No | 4 | A | Direct | ||
| 9,039 | No | 4 | A | Direct |
Footnotes
- This transaction was made pursuant to a Rule 10b5-1 adopted by the reporting person on February 16, 2022.
- Only vested shares can be exercised under this option. 25% of the shares vested on 11/1/18; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/1/21.
- 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 2/6/27.
- 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 6, 2023, and ending on February 6, 2026.
- 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 2/6/26, the 3-year anniversary of the grant date.
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