Cirrus Logic EVP Brannan exercises options, sells 7,406 CRUS shares
Cirrus Logic, Inc. executive reports option exercises and share sales.
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Rhea-AI Filing Summary
Cirrus Logic, Inc. executive reports option exercises and share sales. On 11/14/2025, EVP, Worldwide Sales Andrew Brannan exercised non-qualified stock options for 595 shares at $68.56 and 7,406 shares at $78. He then reported sales of 595 shares at $117.44, 7,406 shares at a weighted average price of $119.39, and 912 shares at $117.44 under a Rule 10b5-1 trading plan adopted on August 15, 2025. Following these transactions, he reported owning 5,950 shares of Cirrus Logic common stock directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 595 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (right to buy) | 7,406 | $0.00 | $0.00 |
| Exercise | Common Stock | 595 | $68.56 | $41K |
| Sale | Common Stock | 595 | $117.44 | $70K |
| Exercise | Common Stock | 7,406 | $78.00 | $578K |
| Sale | Common Stock | 7,406 | $119.39 | $884K |
| Sale | Common Stock | 912 | $117.44 | $107K |
Footnotes (4)
- F1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 15, 2025.
- F2. The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.78 to $120.40. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
- F3. Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/6/23.
- F4. Only vested shares can be exercised under this option. 25% of the shares vested on 3/3/22; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/3/25.
FAQ
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What did Cirrus Logic (CRUS) executive Andrew Brannan report on this Form 4?
Were the Cirrus Logic (CRUS) trades made under a Rule 10b5-1 plan?
What are the details of the stock options exercised by the Cirrus Logic (CRUS) executive?
What vesting schedules applied to the Cirrus Logic stock options reported?
AI-generated analysis. How Rhea-AI works. Not financial advice.