Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 104

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 104
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 with a fair value of $4.3 million, $4.2 million, and $3.0 million, became vested during fiscal years 2025, 2024, and 2023, respectively.The following table summarizes information regarding outstanding and exercisable options as of March 29, 2025 (in thousands, except per share amounts):  Options OutstandingOptions ExercisableWeighted AverageRemainingContractual LifeWeightedAverage ExerciseNumberWeightedAverageRange of Exercise PricesNumber(years)PriceExercisableExercise Price$31.25 - $68.4388 3.32$44.27 88 $44.27 $68.56 - $78.0095 5.4474.51 95 74.51 $79.16 - $88.00111 7.0085.69 80 85.76 $93.24113 8.8793.24 28 93.24 $102.3793 7.86102.37 46 102.37 $129.244 9.33129.24 — — 504 6.66$81.53 337 $74.72 As of March 29, 2025, March 30, 2024, and March 25, 2023, the number of options exercisable was 0.3 million, 0.5 million, and 0.5 million respectively.

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Restricted Stock UnitsRestricted stock units (“RSUs”) are valued as of the grant date and amortized over the requisite vesting period.  Generally, RSUs vest 100 percent on the first to third anniversary of the grant date depending on the vesting specifications.  A summary of the activity for RSUs in fiscal year 2025, 2024, and 2023 is presented below (in thousands, except per share amounts): SharesWeightedAverageFair ValueMarch 26, 20222,576 $74.45 Granted1,574 75.97 Vested(877)70.02 Forfeited(183)75.58 March 25, 20233,090 $76.42 Granted1,099 71.12 Vested(879)73.54 Forfeited(211)75.70 March 30, 20243,099 $75.41