4//SEC Filing
Alberty Carl Jackson 4
Accession 0001273902-25-000031
CIK 0000772406other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:45 PM ET
Size
14.6 KB
Accession
0001273902-25-000031
Insider Transaction Report
Form 4
Alberty Carl Jackson
EVP, MSP
Transactions
- Tax Payment
Common Stock
2025-03-02$104.21/sh−1,037$108,066→ 41,353 total - Exercise/Conversion
Common Stock
2025-03-02+3,031→ 44,384 total - Tax Payment
Common Stock
2025-03-02$104.21/sh−739$77,011→ 43,645 total - Exercise/Conversion
Performance Shares
2025-03-02−2,443→ 7,191 totalFrom: 2025-03-02→ Common Stock (2,443 underlying) - Exercise/Conversion
Restricted Stock Units
2025-03-02−3,031→ 11,058 totalFrom: 2025-03-02→ Common Stock (3,031 underlying) - Exercise/Conversion
Common Stock
2025-03-02+4,079→ 42,390 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 March 2, 2022, and ending March 2, 2025, 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. Alberty's target number of PBRSUs was 2,443, and Cirrus Logic's TSR for the three-year period resulted in a 167% payout percentage. Therefore, 4,079 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 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 March 2, 2022, and ending on March 2, 2025. The number of shares reported here represents the target amount. On March 2, 2025, 167% of the target amount vested, and the Company withheld sufficient shares for payment of required tax obligations.
- [F4]Expiration Date of 03/2/25.
- [F5]Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on March 2, 2025, and the Company withheld sufficient shares for payment of required tax withholdings.
Documents
Issuer
CIRRUS LOGIC, INC.
CIK 0000772406
Entity typeother
Related Parties
1- filerCIK 0001777845
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 6:45 PM ET
- Size
- 14.6 KB