Form 4: Qorvo CEO Robert BruggeWorth Reports Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
Qorvo's CEO, Robert BruggeWorth, reported the sale of company stock on May 16, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Robert BruggeWorth, the President and CEO of Qorvo, Inc., filed a Form 4 with the SEC on May 20, 2024.
- The report details changes in his beneficial ownership of Qorvo common stock.
- On May 16, 2024, BruggeWorth sold 12,954 shares of common stock at a price of $99.38 per share.
- Additionally, 2,317 shares were disposed of at $99.91 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on February 5, 2024.
- Following these transactions, BruggeWorth directly owns 210,161 shares of Qorvo common stock.
- He also indirectly owns 20,000 shares through a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the CEO's current outlook on the company.
Industry Context
Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Sales under 10b5-1 plans are less indicative of immediate sentiment as they are pre-arranged.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/16/2024 | Date of stock sale and disposal |
| 05/20/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.