0001273902-24-000032.txt : 20240305 0001273902-24-000032.hdr.sgml : 20240305 20240305170904 ACCESSION NUMBER: 0001273902-24-000032 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240303 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brannan Andrew CENTRAL INDEX KEY: 0001617143 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-17795 FILM NUMBER: 24722140 MAIL ADDRESS: STREET 1: WESTFIELD HOUSE STREET 2: 26 WESTFIELD ROAD CITY: EDINBURGH STATE: X0 ZIP: EH11 2QB ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIRRUS LOGIC, INC. CENTRAL INDEX KEY: 0000772406 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 770024818 STATE OF INCORPORATION: DE FISCAL YEAR END: 0330 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 wk-form4_1709676523.xml FORM 4 X0508 4 2024-03-03 0 0000772406 CIRRUS LOGIC, INC. CRUS 0001617143 Brannan Andrew 800 WEST 6TH STREET AUSTIN TX 78701 0 1 0 0 VP, Worldwide Sales 0 Common Stock 2024-03-03 4 M 0 912 0 A 6967 D Common Stock 2024-03-03 4 F 0 438 93.23 D 6529 D Common Stock 2024-03-03 4 M 0 3511 0 A 10040 D Common Stock 2024-03-03 4 F 0 1686 93.23 D 8354 D Performance Shares 2024-03-03 4 M 0 2340 0 D 2024-03-03 Common Stock 2340 6346 D Restricted Stock Units 2024-03-03 4 M 0 3511 0 D 2024-03-03 Common Stock 3511 8746 D The number of performance based RSUs (PBRSUs) that vested was determined based on pre-established performance metrics over a three-year period beginning March 3, 2021, and ending March 3, 2024, 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. Brannan's target number of PBRSUs was 2,340, and Cirrus Logic's TSR for the three-year period resulted in a 39% payout percentage. Therefore, 912 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 March 3, 2021, and ending on March 3, 2024. The number of shares reported here represents the target amount. On March 3, 2024, 39% 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 March 3, 2024, and the Company withheld sufficient shares for payment of required tax withholdings. Expiration Date of 03/3/24. By: Gregory Scott Thomas attorney-in-fact For: Andrew Brannan 2024-03-05