Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 86

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 86
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  2,320,469 |     | $                  | 27,201 |     | $                                  |   529,875 |     | $     |  3,348,545 |
| Carl J. Alberty, Executive Vice President, Mixed Signal Products |     | $                          |   457,000 |     | $                                         |  2,320,469 |     | $                  | 15,625 |     | $                                  |   514,125 |     | $     |  3,307,219 |
| Justin Dougherty, Executive Vice President, Global Operations    |     | $                          |   457,000 |     | $                                         |  2,320,469 |     | $                  | 27,201 |     | $                                  |   514,125 |     | $     |  3,318,795 |

(1) The lump sum salary payment for our CEO represents the value of 24 months of base salary, based on our CEO’s base salary level in effect on March 29, 2025. For each of the other NEOs, the amount is based on 12 months of base salary, at the base salary level in effect on March 29, 2025. In the case of Mr. Habermann, the amounts in this table are based on the base salary level for his position following the transition from Interim CFO.

(2) The valuation of accelerated vesting of unvested equity awards has been computed based on: (1) the estimated value that would have been realized based on the difference between the exercise price of the options that were subject to accelerated vesting and the closing market price of our common stock on March 28, 2025 (the last trading day prior to March 29, 2025), which was $99.51 per share, and (2) the value of the RSUs and target-level MSUs and PSUs subject to accelerated vesting based on that same closing market price.

(3) The valuation of healthcare benefits has been computed based on an estimate of the COBRA payments payable by the Company at the rates in effect as of March 29, 2025 for the following time periods following termination of employment: 18 months for our CEO and 12 months for each of the other NEOs.

(4) The amounts in this column consist of two components: (a) 100% of the NEO’s annual target bonus amount as