QRVO Form 4: Director Nelson Roderick Receives 2,496 Shares at $0
Rhea-AI Filing Summary
Nelson Roderick, a director of Qorvo, Inc. (QRVO), reported acquiring 2,496 shares of the company’s common stock through a non‑cash transaction (price reported as $0). After the reported acquisition, his beneficial ownership totaled 10,188 shares. The filing indicates this was reported on Form 4 and was submitted by an authorized attorney.
Positive
- Acquisition disclosed: Reporting person increased holdings by 2,496 shares, bringing total beneficial ownership to 10,188 shares.
- Timely compliance: Transaction was reported on Form 4 and signed via power of attorney, indicating adherence to reporting rules.
Negative
- None.
Insights
TL;DR: Director received equity grant increasing stake modestly; transaction is routine and not market-moving.
The reported acquisition of 2,496 shares at a reported price of $0 is consistent with equity compensation such as a restricted stock grant or similar director award, though the form does not specify the award type. The increase brings total beneficial ownership to 10,188 shares, a relatively small holding versus a public company’s outstanding float, so the direct market impact is likely negligible. Disclosure was made on Form 4 by power of attorney, meeting Section 16 reporting requirements.
TL;DR: Governance disclosure appears complete for a routine director equity grant; no red flags in filing.
The Form 4 shows proper identification of the reporting person as a director and lists the acquisition with transaction code A and price $0. The filing was executed via power of attorney, which is a common administrative practice. The disclosure meets the mechanics required for insider reporting; the form does not indicate any change in relationship or other governance actions.