QUALCOMM (QCOM) director Mark McLaughlin receives 392 deferred stock units as fees
Rhea-AI Filing Summary
MCLAUGHLIN MARK D reported acquisition or exercise transactions in this Form 4 filing.
QUALCOMM director Mark D. McLaughlin reported a compensation-related stock award and updated holdings in company shares. He received 392 shares of Common Stock as a grant of Deferred Stock Units (DSUs) issued in lieu of cash retainer fees, at a price of $0.0000 per share.
The DSUs are fully vested on the grant date and will be settled in Qualcomm common stock, or partially in cash if elected, upon the earlier of the third anniversary of the grant date, death, disability, or a change in control. Following this grant, McLaughlin directly holds 13,299.5269 shares of Qualcomm Common Stock and indirectly holds 29,578 shares through the McLaughlin Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 392 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents Deferred Stock Units (DSUs) issued in lieu of payment of cash retainer fees. 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. If an election is made to settle the units partially in cash, such partial cash settlement will be reported on a subsequent Form 4 (if applicable) as a disposition to the Issuer on the settlement date. Securities held by Mark McLaughlin and Karen McLaughlin, Trustees of the McLaughlin Revocable Trust U/A DTD 02/20/2001.