February 6, 2025 · Form 4 insider transaction
Baumgartner Jeffrey W bought 2,665 shares of Cirrus Logic, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
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.