Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 70

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 70
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s. The amounts reported in the column entitled “Option Awards” represent the value of the stock options granted to our NEOs. In each case, the value reported is the aggregate grant date fair value 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. Assuming the highest level of performance is achieved under the MSUs and PSUs granted in fiscal year 2025, the maximum aggregate grant date values of the MSU and PSUs, based on the closing market price per share of the Company’s stock on the last trading day of fiscal year 2025 ($99.51) at the maximum calculated payout, is: (a) in the case of Mr. Forsyth – $8,114,045; (b) in the case of Mr. Woolard – $1,845,711; (c) in the case of Mr. Habermann – $285,992; (d) in the cases of Mr. Thomas, Mr. Alberty, and Mr. Dougherty – $1,420,008. For additional information with respect to awards made in fiscal year 2025, see the Fiscal Year 2025 Grants of Plan-Based Awards Table and Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End Table herein.

(3) The amounts reported in the column entitled “Non-Equity Incentive Plan Compensation,” represent the amounts earned with respect to performance for each fiscal year under the Incentive Plan, which is described in further detail in the “ Compensation Discussion and Analysis ” section of this proxy statement. Payments earned in the second semiannual period of a fiscal year are included in this table for that fiscal year even though they were paid in the following fiscal year.

(4) This amount includes $9,630 in matched contributions under our 401(k) plan, $1,518 associated with the value of insurance premiums paid with respect to life insurance for the benefit of Mr. Forsyth, $1,500 in employer contributions to a health savings account under our health benefits program, and $343 in tax gross-ups paid to all employees of the Company with respect to the Company’s long-term disability plan.

(5) This amount includes $273