4//SEC Filing
Alberty Carl Jackson 4
Accession 0001273902-25-000006
CIK 0000772406other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 4:46 PM ET
Size
11.2 KB
Accession
0001273902-25-000006
Insider Transaction Report
Form 4
Alberty Carl Jackson
EVP, MSP
Transactions
- Award
Performance Shares
2025-02-06+4,470→ 4,470 total→ Common Stock (4,470 underlying) - Award
Restricted Stock Units
2025-02-06+4,470→ 14,089 total→ Common Stock (4,470 underlying) - Award
Performance Shares
2025-02-06+2,665→ 9,634 total→ Common Stock (2,665 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- [F2]100% of the restricted stock units will vest on 2/6/28, the 3-year anniversary of the grant date.
- [F3]These performance shares reflect performance-based restricted stock units that we refer to as Performance Stock Units (PSUs). Each PSU 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 PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the our Compensation Committee, over a three-fiscal-year performance period beginning with fiscal year 2026 and ending at the conclusion of fiscal year 2028. The PSUs vest, at level in accordance with their associated performance criteria, in three tranches, with each vest occurring shortly after the public reporting of financial results for each fiscal year of that performance period. The PSU performance metrics involve revenue and revenue growth within strategic markets that extend beyond our core market, as guided by our strategic plan.
- [F4]These performance shares reflect performance-based restricted stock units that we refer to as Market Stock Units (MSUs). Each MSU 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 MSUs 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, 2025, and ending on February 6, 2028. The MSU performance metrics involve total shareholder return (TSR) relative to the component companies of the Russell 3000 index.
Documents
Issuer
CIRRUS LOGIC, INC.
CIK 0000772406
Entity typeother
Related Parties
1- filerCIK 0001777845
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 4:46 PM ET
- Size
- 11.2 KB