SILICON LABORATORIES INC
For the period ended Dec 30, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
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Item 9B. Other Information
On January 25, 2024, the Compensation Committee of the Board of Directors of the Company approved a form of Performance Stock Units Grant Notice and Global PSU Award Agreement (the “PSU Award Agreement”) under its 2009 Stock Incentive Plan, as amended and restated.
The PSU Awards will be earned based upon the level of achievement of the following performance criteria (each as defined in the PSU Award Agreement):
| ● | Average Revenue Growth Rate Payout Percent (weighted 50%) |
| ● | Average Non-GAAP Operating Income Margin Payout Percent (weighted 50%) |
The PSU Awards are all subject to the terms and conditions of the 2009 Stock Incentive Plan, as amended and restated, and the form of PSU Award Agreement, a copy of which is attached as Exhibit 10.19 to this Form 10-K and incorporated herein by reference.
Rule 10b5-1 Trading Arrangements
There were no contracts, instructions, or written plans for the purchase or sale of our securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), nor were there any non-Rule 10b5-1 trading arrangements, entered into or terminated by our directors and officers (as defined under Rule 16b-1(f) of the Exchange Act) during the quarter ended December 30, 2023.
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