Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 72

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 72
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(12) Mr. Habermann was appointed as Interim Chief Financial Officer effective May 24, 2024, and his service as Interim Chief Financial Officer ended effective February 24, 2025.

(13) Mr. Nathamuni’s service as our Chief Financial Officer ended effective May 24, 2024.

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Fiscal Year 2025 Grants of Plan-Based Awards Table

The following table provides certain information with respect to grants of plan-based awards for the fiscal year ended March 29, 2025, to our NEOs. All of the RSUs, MSUs, and PSUs that are reflected in the table were granted under our Amended and Restated 2018 Long Term Incentive Plan.

The amounts reported in the “Estimated Future Payouts Under Non-Equity Incentive Plan Awards” columns below reflect potential payouts under the Incentive Plan, which is described in further detail in the “ Compensation Discussion and Analysis ” section of this proxy statement.

The amounts reported in the “Estimated Future Payouts Under Equity Incentive Plan Awards” column below set forth potential payouts that are associated with MSUs and PSUs. Each unit granted pursuant to these awards 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 .” Holders of MSUs and PSUs are not eligible to receive any dividends or dividend equivalents with respect to outstanding MSUs or PSUs.

The RSUs will vest with respect to 100% of the units underlying the award on the third anniversary of the grant date, with the exception of RSUs granted to Mr. Woolard. The RSUs reported for Mr. Woolard correspond to special new-hire awards, and for details regarding their vesting and other conditions, see the section of the Compensation Discussion and Analysis entitled “ Equity Awards and Comparisons to Compensation Market Data .” Each unit granted pursuant to these RSUs represents a contingent right to receive one share of our common stock for each unit that vests. Holders of RSUs are not eligible to receive any dividends or dividend equivalents with respect to outstanding RSUs.

Special accelerated vesting provisions applicable to the equity awards upon a NEO’s termination of employment or upon a change of control of the Company are described in the section of this proxy statement entitled “ Potential Payments Upon Termination