0001273902-23-000022.txt : 20230208 0001273902-23-000022.hdr.sgml : 20230208 20230208180712 ACCESSION NUMBER: 0001273902-23-000022 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230206 FILED AS OF DATE: 20230208 DATE AS OF CHANGE: 20230208 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dougherty Justin E CENTRAL INDEX KEY: 0001863257 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-17795 FILM NUMBER: 23600336 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: 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_167589761592686.xml FORM 4 X0306 4 2023-02-06 0 0000772406 CIRRUS LOGIC, INC. CRUS 0001863257 Dougherty Justin E 800 WEST 6TH STREET AUSTIN TX 78701 0 1 0 0 SVP, Global Operations Common Stock 2023-02-07 4 M 0 8043 68.56 A 25493 D Common Stock 2023-02-07 4 S 0 8043 103.50 D 17450 D Common Stock 2023-02-07 4 S 0 8170 103.84 D 9280 D Incentive Stock Option (right to buy) 102.37 2023-02-06 4 A 0 1573 0 A 2033-02-06 Common Stock 1573.0 1573 D Non-Qualified Stock Option (right to buy) 102.37 2023-02-06 4 A 0 5436 0 A 2033-02-06 Common Stock 5436.0 5436 D Performance Shares 2023-02-06 4 A 0 2169 0 A Common Stock 2169.0 7330 D Restricted Stock Units 2023-02-06 4 A 0 3012 0 A Common Stock 3012.0 10120 D Incentive Stock Option (right to buy) 68.56 2023-02-07 4 M 0 4638 0 D 2029-11-06 Common Stock 4638.0 1194 D Non-Qualified Stock Option (right to buy) 68.56 2023-02-07 4 M 0 3405 0 D 2029-11-06 Common Stock 3405.0 663 D The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.92 to $103.83. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request. 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. Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/6/23. By: Gregory Scott Thomas attorney-in-fact For: Justin Dougherty 2023-02-08