Habermann Ulf bought CRUS
February 6, 2025 · Form 4 insider transaction
Habermann Ulf bought 1,437 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.
Footnotes
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.