4//SEC Filing
Benson JoDee 4
Accession 0001270350-21-000019
CIK 0000772406other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 9:12 PM ET
Size
14.4 KB
Accession
0001270350-21-000019
Insider Transaction Report
Form 4
Benson JoDee
VP Corp Mkt Comm & Human Res.
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-11-07−4,300→ 7,011 totalFrom: 2021-11-07→ Common Stock (4,300 underlying) - Exercise/Conversion
Common Stock
2021-11-07+4,300→ 9,719 total - Tax Payment
Common Stock
2021-11-07$78.85/sh−1,693$133,493→ 8,026 total - Exercise/Conversion
Performance Shares
2021-11-07−3,200→ 5,140 totalFrom: 2021-11-07→ Common Stock (3,200 underlying) - Exercise/Conversion
Common Stock
2021-11-07+992→ 5,810 total - Tax Payment
Common Stock
2021-11-07$78.85/sh−391$30,830→ 5,419 total
Footnotes (5)
- [F1]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. Mrs. Benson?s target number of PBRSUs was 3,200, and Cirrus Logic's TSR for the three-year period resulted in a 31% payout percentage. Therefore 992 shares of common stock vested.
- [F2]No shares were sold; these shares were withheld to satisfy tax withholding requirements.
- [F3]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.
- [F4]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.
- [F5]Expiration Date of 11/07/21.
Documents
Issuer
CIRRUS LOGIC, INC.
CIK 0000772406
Entity typeother
Related Parties
1- filerCIK 0001319016
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 9:12 PM ET
- Size
- 14.4 KB