Alberty Carl Jackson 4

What Happened

• Carl Jackson, EVP (MSP) of Cirrus Logic (CRUS), exercised stock options on 2026-02-27 to acquire 1,197 common shares at $78.00 per share, for a total cash outlay of $93,366. The filing also shows the corresponding derivative (the option) was converted/terminated in connection with the exercise.

Key Details

• Transaction date: 2026-02-27
• Exercise: 1,197 shares at $78.00 each; total = $93,366 (code M — option exercise)
• Derivative line: 1,197 shares reported as converted/disposed at $0 (reflects conversion/termination of the option)
• Shares owned after the transaction: not disclosed in the provided Form 4 extract
• Footnote: Option only exercisable for vested shares; 25% vested on 3/3/22 and the remainder vested monthly so the option was fully vested on 3/3/25
• Filing: Report filed 2026-03-02 (appears to be timely under the SEC’s two-business-day rule)

Context

• This was an exercise of vested stock options (not an open-market purchase or a sale). The filing does not show an immediate sale of the acquired shares (no proceeds reported), so this appears to be a routine exercise to convert options into shares rather than a cashless sale. Exercises of vested options are common for executives and do not by themselves indicate a buy/sell opinion about the company.