Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 76

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 76
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 completed fiscal year. Accordingly, each of the MSUs included in this table are listed at their maximum level because the Company’s relative TSR performance for those awards through the most recently completed fiscal year would result in a payout between the target and maximum level. The disclosed number of PSUs corresponds to their maximum level, as the strategic revenue performance for those awards through the most recently completed fiscal year would result in a payout at their target level. 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 vested. 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 .”

(6) The market value of unvested MSUs and PSUs reported in column (j) is calculated by multiplying the number of shares ultimately subject to each award reported in column (i) by the closing market price of our common stock on March 28, 2025, (the last trading day of fiscal year 2025), which was $99.51 per share.

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Fiscal Year 2025 Option Exercises and Stock Vested Table

The following table provides information on the value realized by each NEO as a result of options that were exercised and stock awards that vested during fiscal year 2025.

| Name                                                             
 (a)                                                              |     | Option Awards                         
 Number of Shares Acquired on Exercise 
 (#)                                   
 (b)                                   |        |     | Value Realized on Exercise(1) 
 ($)                           
 (c)                           |         |     | Stock Awards                         
 Number of Shares Acquired on Vesting 
 (#)                                  
 (d)                                  |        |     | Value Realized on Vesting(2) 
 ($)                          
 (e)                          |           |
|:-----------------------------------------------------------------|:----|:--------------------------------------|-------:|:----|:------------------------------|--------:|:----|:-------------------------------------|-------:|:----|:-----------------------------|----------:|
| John M. Forsyth, President and Chief Executive Officer           |     |                                       |      — |     | $                             |       — |     |                                      | 39,990 |     | $                            | 4,167,358 |
| Jeff Woolard, Chief Financial Officer                            |     |                                       |      — |     | $                             |       — |     |                                      |      — |     | $                            |