Form 4 for CRUS CIRRUS LOGIC, INC.
Accepted 2024-02-09 00:00:00 ET · period of report 2024-02-07 · accession 0001273902-24-000004 · 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 | 2024-02-09 | 2024-02-07+ | CRUS | Brannan Andrew | VP, Worldwide Sales | S - Sale+OE | $92.82 | -6,750 | 6,055 | -53% | -$626.5K |
| DM | 2024-02-09 | 2024-02-07+ | CRUS | Brannan Andrew | VP, Worldwide Sales | M - OptEx | $41.49 | +6,250 | 9,055 | +223% | +$259.3K |
| DM | 2024-02-09 | 2024-02-08 | CRUS | Brannan Andrew | VP, Worldwide Sales | A - Grant | $0.00 | +12.9K | 8,686 | New | $0 |
| DM | 2024-02-09 | 2024-02-07+ | CRUS | Brannan Andrew | VP, Worldwide Sales | M - OptEx | $0.00 | -6,250 | 3,250 | -66% | $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 | 2024-02-08 | S | D | 3,250 | $94.00 | 6,055 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-08 | M | A | 3,250 | $41.49 | 9,305 | D | — | — | |
| 3 | Common | Common Stock | 2024-02-07 | S | D | 3,000 | $92.00 | 6,055 | D | — | — | |
| 4 | Common | Common Stock | 2024-02-07 | M | A | 3,000 | $41.49 | 9,055 | D | — | — | |
| 5 | Common | Common Stock | 2024-02-07 | S | D | 500 | $90.01 | 6,055 | D | — | — | |
| 6 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-02-08 | A | A | 7,548 | $0.00 | 7,548 | D | $93.24 · — to 2034-02-08 | 7,548 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 02/08/28. |
| 7 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-02-08 | M | D | 3,250 | $0.00 | 0 | D | $41.49 · — to 2028-11-07 | 3,250 Common Stock | (F2) 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. |
| 8 | Derivative | Restricted Stock Units | 2024-02-08 | A | A | 3,218 | $0.00 | 12,257 | D | — · — to — | 3,218 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 2/8/27, the 3-year anniversary of the grant date. |
| 9 | Derivative | Performance Shares | 2024-02-08 | A | A | 2,121 | $0.00 | 8,686 | D | — · — to — | 2,121 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 8, 2024, and ending on February 8, 2027. |
| 10 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-02-07 | M | D | 3,000 | $0.00 | 3,250 | D | $41.49 · — to 2028-11-07 | 3,000 Common Stock | (F2) 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. |