Qorvo (QRVO) SVP Chesley Philip receives 18,967-share award and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Qorvo, Inc. senior vice president Chesley Philip reported compensation-related stock transactions. On Common Stock, he received a grant of 18,967 shares at a stated price of $0.0000 per share, reflecting a share award rather than an open-market purchase. On the same date, 3,167 shares were disposed of at $93.41 per share as a tax-withholding disposition to cover exercise price or tax liabilities. Following these transactions, his direct holdings in Qorvo common stock increased to 50,538 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chesley Philip
Role
SVP, High Performance Analog
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,967 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,167 | $93.41 | $296K |
Holdings After Transaction:
Common Stock — 50,538 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 3,167 shares
Tax-withholding price: $93.41 per share
Awarded shares: 18,967 shares
+3 more
6 metrics
Tax-withholding shares
3,167 shares
Common Stock disposed at $93.41 per share under code F
Tax-withholding price
$93.41 per share
Price for 3,167 Common Stock shares used to cover obligations
Awarded shares
18,967 shares
Common Stock grant/award acquisition under code A
Award price
$0.0000 per share
Stated price for 18,967-share grant of Common Stock
Holdings after tax withholding
47,371 shares
Total Common Stock directly held after F-code disposition
Final direct holdings
50,538 shares
Total Common Stock directly held after A-code grant
Key Terms
tax-withholding disposition, Grant, award, or other acquisition, Form 4
3 terms
tax-withholding disposition financial
"3,167 shares were disposed of at $93.41 per share as a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Grant, award, or other acquisition financial
"transaction code A is described as Grant, award, or other acquisition"
Form 4 regulatory
"After the reported transactions, Chesley Philip directly holds 50,538 shares of Qorvo common stock in this Form 4 context"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did Qorvo (QRVO) executive Chesley Philip report?
Chesley Philip reported two Qorvo transactions: a grant of 18,967 shares of common stock at a stated price of $0.0000 per share and a tax-withholding disposition of 3,167 shares at $93.41 per share, both recorded as direct ownership changes.
Was the Qorvo (QRVO) Form 4 a market buy or sell by Chesley Philip?
The Form 4 does not show open-market buys or sells. It records a grant or award acquisition of 18,967 Qorvo common shares and a 3,167-share tax-withholding disposition, which covers tax or exercise obligations rather than discretionary trading in the open market.
What is a tax-withholding disposition in the Qorvo (QRVO) Form 4?
A tax-withholding disposition occurs when shares are delivered to satisfy tax or exercise obligations. Chesley Philip’s Form 4 shows 3,167 Qorvo common shares disposed at $93.41 per share under code F, described as payment of exercise price or tax liability by delivering securities.
What does transaction code A mean in the Qorvo (QRVO) insider filing?
Transaction code A in the Qorvo Form 4 indicates a grant, award, or other acquisition. Chesley Philip received 18,967 Qorvo common shares under this code, at a stated price of $0.0000 per share, reflecting compensation-related stock rather than an open-market purchase.