Director at Qualcomm (QCOM) receives 182 deferred stock units as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRICOIRE JEAN-PASCAL reported acquisition or exercise transactions in this Form 4 filing.
QUALCOMM INC/DE director Jean-Pascal Tricoire received an award of 182 Deferred Stock Units (DSUs) of common stock. The DSUs were issued in lieu of cash retainer fees, carry a grant price of $0.00, and are 100% vested on the grant date.
Following this grant, Tricoire directly holds a total of 13,703.6814 shares/units of Qualcomm common stock. The DSUs will be settled in shares of common stock upon separation from service, death, disability, or a change in control, in line with the grant agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TRICOIRE JEAN-PASCAL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 182 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,703.681 shares (Direct, null)
Footnotes (1)
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Key Figures
DSUs granted: 182 units
Grant price per unit: $0.00
Holdings after transaction: 13,703.6814 shares/units
3 metrics
DSUs granted
182 units
Deferred Stock Units granted in lieu of cash retainer fees
Grant price per unit
$0.00
Reported transaction price for DSU award
Holdings after transaction
13,703.6814 shares/units
Total direct Qualcomm common stock position after DSU grant
Key Terms
Deferred Stock Units, 100% vested, change in control
3 terms
Deferred Stock Units financial
"Represents Deferred Stock Units (DSUs) issued in lieu of payment of cash retainer fees."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
100% vested financial
"Deferred Stock Units are 100% vested on the grant date."
change in control financial
"on the earlier of (1) separation from service, (2) death, (3) disability, or (4) a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Jean-Pascal Tricoire acquire in the latest QCOM Form 4?
Jean-Pascal Tricoire received an award of 182 Deferred Stock Units of Qualcomm common stock. These units were granted as compensation in lieu of cash director retainer fees and are fully vested on the grant date, reflecting routine non-cash board compensation.
How are the Deferred Stock Units for QCOM’s director vested and structured?
The Deferred Stock Units granted to the Qualcomm director are 100% vested on the grant date. They are issued instead of cash retainer fees, meaning the director immediately earns the units while payment is deferred into stock rather than receiving cash compensation.
When will Jean-Pascal Tricoire’s Qualcomm Deferred Stock Units be settled?
The Qualcomm Deferred Stock Units will be settled in shares of common stock upon the earlier of separation from service, death, disability, or a change in control. These specific settlement triggers are defined in the grant agreement linked to the director compensation program.
Was this Qualcomm Form 4 transaction an open-market buy or sale?
This Form 4 does not report an open-market buy or sale. It records a grant or award acquisition of 182 Deferred Stock Units at a reported price of $0.00 per unit, made as non-cash compensation rather than through market trading activity.