Form 4 for CRUS CIRRUS LOGIC, INC.
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-03 · accession 0001273902-23-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-07 | 2023-02-03 | CRUS | Brannan Andrew | VP, Worldwide Sales | S - Sale+OE | $97.00 | -3,065 | 8,205 | -27% | -$297.3K |
| D | 2023-02-07 | 2023-02-03 | CRUS | Brannan Andrew | VP, Worldwide Sales | M - OptEx | $55.72 | +2,865 | 11.1K | +35% | +$159.6K |
| DM | 2023-02-07 | 2023-02-06 | CRUS | Brannan Andrew | VP, Worldwide Sales | A - Grant | $0.00 | +10.9K | 6,565 | New | $0 |
| D | 2023-02-07 | 2023-02-03 | CRUS | Brannan Andrew | VP, Worldwide Sales | M - OptEx | $0.00 | -2,865 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-03 | S | D | 200 | $97.00 | 8,005 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-03 | S | D | 2,865 | $97.00 | 8,205 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-03 | M | A | 2,865 | $55.72 | 11,070 | D | — | — | |
| 4 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-02-06 | A | A | 6,252 | $0.00 | 6,252 | D | $102.37 · — to 2033-02-06 | 6,252 Common Stock | (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 2/6/27. |
| 5 | Derivative | Non-Qualified Stock Option (right to buy) | 2023-02-03 | M | D | 2,865 | $0.00 | 0 | D | $55.72 · — to 2027-11-01 | 2,865 Common Stock | (F2) 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. |
| 6 | Derivative | Restricted Stock Units | 2023-02-06 | A | A | 2,687 | $0.00 | 9,039 | D | — · — to — | 2,687 Common Stock | (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 2/6/26, the 3-year anniversary of the grant date. |
| 7 | Derivative | Performance Shares | 2023-02-06 | A | A | 1,935 | $0.00 | 6,565 | D | — · — to — | 1,935 Common Stock | (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 6, 2023, and ending on February 6, 2026. |