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