Form 4: Cirrus Logic VP Andrew Brannan Reports Stock Sales

Andrew Brannan, VP of Worldwide Sales at Cirrus Logic, reported the sale of company stock in two transactions on August 14 and 15, 2024.

Summary

• Andrew Brannan, VP of Worldwide Sales at Cirrus Logic, filed a Form 4 detailing changes in beneficial ownership.
• On August 14, 2024, Brannan sold 4,350 shares of Cirrus Logic common stock at a price of $136.04 per share.
• On August 15, 2024, Brannan sold an additional 474 shares at $139.96 per share.
• Following these transactions, Brannan directly owns 3,530 shares of Cirrus Logic common stock.
• The initial transaction on August 14 was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 10, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may interpret the stock sales as a signal, although the Rule 10b5-1 plan suggests the transactions were pre-planned.

Key Dates