Form 4: Qorvo CEO Bruggeworth Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Qorvo's CEO, Robert A. Bruggeworth, disposed of 472 shares of common stock on August 9, 2024, to cover tax obligations.
Summary
- Robert A. Bruggeworth, the President and CEO of Qorvo, Inc., reported a transaction involving the disposal of company stock.
- On August 9, 2024, Mr. Bruggeworth disposed of 472 shares of common stock at a price of $107.08 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Mr. Bruggeworth directly owns 185,382 shares of Qorvo common stock and indirectly owns 11,707 shares through a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is common for executives who periodically adjust their holdings for tax planning and diversification.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of stock disposal transaction |
| 08/12/2024 | Date of signature on the report |
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