Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 74

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 74
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 amounts for MSUs and PSUs under the Company’s performance-based equity award program. Each unit granted pursuant to these MSUs and PSUs represents a contingent right to receive one share of our common stock for each unit that is earned and vests. For a description of the performance, vesting, and other conditions applicable to these awards, see the section of the Compensation Discussion and Analysis entitled “ Performance-Based Equity Awards .”

(4) The amounts reported in this column represent the aggregate grant date fair value of the equity awards calculated pursuant to FASB ASC Topic 718, excluding any assumptions regarding potential forfeitures, and with respect to the MSUs this valuation entails a Monte Carlo calculation. The assumptions underlying the calculations under FASB ASC Topic 718 are discussed under Note 12, Equity Compensation, in our Annual Report on Form 10-K for the fiscal year ended March 29, 2025.

(5) Given Mr. Nathamuni’s departure from the Company early within fiscal year 2025 (in May 2024), he was not granted equity or eligible to receive payment amounts under the Incentive Plan during fiscal year 2025.

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table

The Company’s executive compensation policies and practices, pursuant to which the compensation set forth in the Fiscal Year 2025 Summary Compensation Table and the Fiscal Year 2025 Grants of Plan-Based Awards Table was paid or awarded, are described above in our Compensation Discussion and Analysis.

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Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End Table

The following table provides information concerning the outstanding equity award holdings of our NEOs, other than Mr. Nathamuni, as of March 29, 2025. Mr. Nathamuni is not listed in the table below, given the forfeiture of all his equity awards in connection with his departure from the Company effective May 24, 2024.

| Name                                                            
 (a)                                                             |        |     | Option Awards                                                   
 Number of Securities Underlying Unexercised Options Exercisable 
 (#)                                                             
 (b)                                                             |        |     | Number of Securities Underlying Unexercised Options Unexercisable(1) 
 (#)                                                                  
 (c)                                                                  |   |     | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options 
 (#)                                                                                        
 (d)                                                                                        |        |     | Option Exercise Price 
 ($)                   
 (e)