Cirrus Logic EVP Sells 3000 Shares as Company Experiences High Executive Transactional Activity
Key Points
One of Cirrus Logic's Executive Vice Presidents sold $3,000 for approximately $429,000.
The company just had a successful Q3 earnings report for its FY 2026, showing substantial growth.
Justin E. Dougherty, EVP, Global Operations at Cirrus Logic (NASDAQ:CRUS), reported the sale of 3,000 shares of common stock on Feb. 11, 2026, for total proceeds of approximately $429,000, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Shares sold (direct) | 3,000 |
| Transaction value | $429,480 |
| Post-transaction shares (direct) | 5,876 |
| Post-transaction value (direct ownership) | $829,573.68 |
Transaction value based on SEC Form 4 weighted average purchase price ($143.16). Post-transaction value based on the closing price of Feb. 11, 2026 (141.18).
Key questions
- What proportion of Dougherty’s remaining holdings does this transaction represent?
This sale accounted for 33.80% of his direct holdings. - Were any indirect entities or derivative securities involved in this transaction?
No; the filing indicates the trade was executed solely from Dougherty’s direct account, with no participation from trusts or option exercises.
Company overview
| Metric | Value |
|---|---|
| Price | $142.14 |
| Market capitalization | $7.25 billion |
| Revenue (TTM) | $1.97 billion |
| Net income (TTM) | $403.87 million |
* Price and is calculated using Feb. 21, 2026 as the reference date.
Company snapshot
Cirrus Logic is a fabless semiconductor provider that provides mixed-signal processing solutions and audio products such as audio codecs, smart codecs, boosted amplifiers, digital signal processors, and haptic drivers for consumer electronics, automotive, and industrial applications. It’s clientele spans across the world, especially in China and the U.S.
What this transaction means for investors
Dougherty was involved in transactions a week before this one, where he had performance-based restricted stock units that vested on Feb. 6. The stock units vested were a part of a performance program, in which the units vest based on a metric the company uses, so the additions were pre-determined. There were 5,462 shares added to his portfolio from the units that vested, and then 1,378 shares were disposed on behalf of the company to cover tax withholding requirements.
There were at least eight other executives that were involved in transactions after the company had its Q3 2026 earnings report on Feb. 3, but most of the transactions involved stock options or stock units that were scheduled ahead of time to vest. However, it has been very convenient timing for those executives as Cirrus posted record numbers in net income and earnings per share (EPS).
The stock is also up 18% in 2026 so far, after rising around that same amount for the entire year of 2025. With strong financials and stock performance, CRUS looks to have potential for substantial long-term growth.
Adé Hennis has no position in any of the stocks mentioned. The Motley Fool recommends Cirrus Logic. The Motley Fool has a disclosure policy.