0001270350-21-000018.txt : 20211109
0001270350-21-000018.hdr.sgml : 20211109
20211109211142
ACCESSION NUMBER: 0001270350-21-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211107
FILED AS OF DATE: 20211109
DATE AS OF CHANGE: 20211109
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Baumgartner Jeffrey W
CENTRAL INDEX KEY: 0001777830
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-17795
FILM NUMBER: 211394089
MAIL ADDRESS:
STREET 1: 800 W. 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CIRRUS LOGIC, INC.
CENTRAL INDEX KEY: 0000772406
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 770024818
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0326
BUSINESS ADDRESS:
STREET 1: 800 WEST 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
BUSINESS PHONE: 512-851-4000
MAIL ADDRESS:
STREET 1: 800 WEST 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
FORMER COMPANY:
FORMER CONFORMED NAME: CIRRUS LOGIC INC
DATE OF NAME CHANGE: 19920703
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2021-11-07
0
0000772406
CIRRUS LOGIC, INC.
CRUS
0001777830
Baumgartner Jeffrey W
800 WEST 6TH STREET
AUSTIN
TX
78701
0
1
0
0
VP, R&D
Common Stock
2021-11-07
4
M
0
961
0.0
A
961
D
Common Stock
2021-11-07
4
F
0
379
78.85
D
582
D
Common Stock
2021-11-07
4
M
0
4125
0.0
A
4707
D
Common Stock
2021-11-07
4
F
0
1624
78.85
D
3083
D
Performance Shares
2021-11-07
4
M
0
3100
0.0
D
2021-11-07
Common Stock
3100
6219
D
Restricted Stock Units
2021-11-07
4
M
0
4125
0.0
D
2021-11-07
Common Stock
4125
8529
D
The number of performance based RSUs (PBRSUs) that vested was determined based on pre-established performance metrics over a three-year period beginning November 7, 2018 and ending November 7, 2021. A total shareholder return (TSR) measurement was made relative to the component companies of the Philadelphia Semiconductor Index, which determined a payout percentage ranging between 0-200%. The payout percentage was then multiplied by a target number of PBRSUs. Mr. Baumgartner?s target number of PBRSUs was 3,100, and Cirrus Logic's TSR for the three-year period resulted in a 31% payout percentage. Therefore 961 shares of common stock vested.
No shares were sold; these shares were withheld to satisfy tax withholding requirements.
Each performance based RSU (PBRSU) represented 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 was 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 November 7, 2018 and ending November 7, 2021. The number of shares reported here represents the target amount. On November 7, 2021, 31% of the target amount vested, and the Company withheld sufficient shares for payment of required tax obligations.
Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on November 7, 2021, and the Company withheld sufficient shares for payment of required tax withholdings.
Expiration Date of 11/07/21.
By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Baumgartner
2021-11-09