Form 4: Cirrus Logic VP Carl Jackson Alberty Reports Stock Sale
SEC Form 4
Carl Jackson Alberty, VP of MSP at Cirrus Logic, sold 1,033 shares of common stock on August 19, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Carl Jackson Alberty, a VP at Cirrus Logic, sold 1,033 shares of common stock on August 19, 2024.
- The sale was executed at a price of $141.02 per share.
- The transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted on May 20, 2024.
- Following the transaction, Alberty directly owns 38,311 shares of Cirrus Logic stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of an insider stock sale under a pre-arranged plan.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date the reporting person adopted a Rule 10b5-1 plan |
| 08/19/2024 | Date of the stock sale transaction |
| 08/20/2024 | Date of the Form 4 filing |
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