0001273902-22-000075.txt : 20221108 0001273902-22-000075.hdr.sgml : 20221108 20221108161434 ACCESSION NUMBER: 0001273902-22-000075 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221106 FILED AS OF DATE: 20221108 DATE AS OF CHANGE: 20221108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: THOMAS SCOTT CENTRAL INDEX KEY: 0001273902 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-17795 FILM NUMBER: 221369062 MAIL ADDRESS: STREET 1: C/O CIRRUS LOGIC INC STREET 2: 800 WEST 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: 0325 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 wf-form4_166794205759251.xml FORM 4 X0306 4 2022-11-06 0 0000772406 CIRRUS LOGIC, INC. CRUS 0001273902 THOMAS SCOTT 800 WEST 6TH STREET AUSTIN TX 78701 0 1 0 0 Sr VP, General Counsel & Common Stock 2022-11-06 4 M 0 942 0 A 18181 D Common Stock 2022-11-06 4 F 0 371 68.56 D 17810 D Common Stock 2022-11-06 4 M 0 3800 0 A 21610 D Common Stock 2022-11-06 4 F 0 1056 68.56 D 20554 D Performance Shares 2022-11-06 4 M 0 3040 0 D 2022-11-06 Common Stock 3040.0 4878 D Restricted Stock Units 2022-11-06 4 M 0 3800 0 D 2022-11-06 Common Stock 3800.0 6684 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 6, 2019 and ending November 6, 2022. 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. Thomas's target number of PBRSUs was 3,040, and Cirrus Logic's TSR for the three-year period resulted in a 31% payout percentage. Therefore, 942 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 is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation and Human Resources Committee, over a three-year performance period beginning on November 6, 2019, and ending on November 6, 2022. The number of shares reported here represents the target amount. On November 6, 2022, 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 6, 2022, and the Company withheld sufficient shares for payment of required tax withholdings. Expiration Date of 11/06/22. Gregory Scott Thomas 2022-11-08