Qualcomm (QCOM) director Mark McLaughlin settles deferred units, shifts trust share holdings
Rhea-AI Filing Summary
QUALCOMM director Mark D. McLaughlin reported multiple equity transactions involving deferred stock units and common stock. He exercised 2,355.1987 Deferred Stock Units, which were granted on March 8, 2023 and are fully vested, increasing his direct deferred unit holdings to 16,504.4327 units.
Each deferred stock unit represents the right to receive one share of Qualcomm common stock, settled in stock and potentially partly in cash under the grant terms. On the same date, 2,355 shares of common stock were acquired indirectly by the McLaughlin Revocable Trust, where Mark and Karen McLaughlin serve as trustees, bringing the trust’s indirect holdings to 30,337 shares.
The trust also disposed of 759 common shares to the issuer at a price of $135.69 per share, leaving the trust with 29,578 indirectly held shares. Separately, McLaughlin directly held 9,682.8153 common shares after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Unit | 2,355.199 | $0.00 | -- |
| Exercise | Common Stock | 2,355 | $0.00 | -- |
| Disposition | Common Stock | 759 | $135.69 | $103K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the settlement of Annual Deferred Stock Units granted to the recipient on March 8, 2023. Securities held by Mark McLaughlin and Karen McLaughlin, Trustees of the McLaughlin Revocable Trust U/A DTD 02/20/2001. Each Deferred Stock Unit represents a right to receive one share of the Company's common stock. Deferred Stock Units are 100% vested on the grant date. The units will be settled in shares of the Company's common stock (and partially in cash if election is made within 60 days of the date of grant) in accordance with the grant agreement on the earlier of (1) third anniversary of the date of grant, (2) death, (3) disability, or (4) a change in control.