Form 4: Qorvo SVP Steven Creviston Sells 3,000 Shares Under 10b5-1 Plan

Qorvo's SVP, Connectivity & Sensors, Steven E. Creviston, sold 3,000 shares of common stock at $112.36 per share on June 17, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 17, 2024, Steven E. Creviston, SVP, Connectivity & Sensors at Qorvo, Inc., sold 3,000 shares of Qorvo's common stock.
• The sale was executed at a price of $112.36 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 5, 2024.
• Following the transaction, Creviston directly owns 83,591 shares of Qorvo common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates