Form 4: Qorvo SVP Steven Creviston Sells 3,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Steven Creviston, SVP at Qorvo, Inc., sold 3,000 shares of common stock at $120 per share on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 1, 2024, Steven Creviston, a Senior Vice President at Qorvo, Inc., sold 3,000 shares of Qorvo's common stock.
- The sale was executed at a price of $120 per share.
- Following the transaction, Creviston directly owns 77,552 shares of Qorvo common stock.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 16, 2022.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.
Stakeholder Impact
- The stock sale by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 11/16/2022 | Date of adoption of Rule 10b5-1 trading plan |
| 03/01/2024 | Date of stock sale transaction |
| 03/05/2024 | Date of Form 4 filing |
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