EVP at Cirrus Logic (NASDAQ: CRUS) exercises 1,197 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive Carl Jackson Alberty, EVP, MSP, reported exercising an incentive stock option on February 27, 2026. He converted options into 1,197 shares of common stock at an exercise price of $78.00 per share. After this option exercise, he directly owned 39,778 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,197 shares exercised/converted
Mixed
2 txns
Insider
Alberty Carl Jackson
Role
EVP, MSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option (right to buy) | 1,197 | $0.00 | -- |
| Exercise | Common Stock | 1,197 | $78.00 | $93K |
Holdings After Transaction:
Incentive Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 39,778 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Carl Jackson Alberty report for CRUS?
Carl Jackson Alberty reported exercising an incentive stock option to acquire 1,197 shares of Cirrus Logic common stock. The transaction occurred on February 27, 2026, and was reported on a Form 4 insider trading filing with the U.S. Securities and Exchange Commission.
What was the option exercise price in the Cirrus Logic (CRUS) Form 4?
The incentive stock option was exercised at an exercise price of $78.00 per share. Through this exercise, 1,197 option shares converted into 1,197 shares of Cirrus Logic common stock, reflecting a derivative exercise rather than an open-market stock purchase transaction.
How did the vesting schedule work for the exercised Cirrus Logic stock options?
Only vested shares could be exercised under this option. According to the footnote, 25% of the shares vested on March 3, 2022, with the remaining shares vesting monthly over the next 36 months, making the entire option fully vested and exercisable on March 3, 2025.
What does transaction code M mean in the Cirrus Logic (CRUS) Form 4?
Transaction code M on the Form 4 indicates an exercise or conversion of a derivative security. In this case, it shows incentive stock options being exercised and converted into 1,197 shares of Cirrus Logic common stock, rather than an ordinary open-market stock purchase or sale.