Form 4: Qualcomm CEO Cristiano Amon Receives 54,759 Restricted Stock Units

Qualcomm's CEO, Cristiano Amon, was granted 54,759 Restricted Stock Units (RSUs) on October 8, 2024, which will vest and convert into common stock in installments starting in 2025.

Summary

• Cristiano Amon, the President & CEO of Qualcomm, received 54,759 Restricted Stock Units (RSUs) on October 8, 2024.
• These RSUs are the economic equivalent of one share of Qualcomm common stock each.
• The RSUs will fully vest three months after the grant date, given that Amon has met the conditions for Normal Retirement Age.
• The vested RSUs will be converted into shares and issued in three equal annual installments on October 15, 2025, 2026, and 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The grant of RSUs to the CEO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The vested RSUs will be converted and shares issued in three equal annual installments on October 15, 2025, 2026 and 2027.

Industry Context

Granting stock-based compensation is a common practice in the technology industry to incentivize and retain top executives. The vesting schedule is designed to align executive interests with long-term shareholder value.

Comparison to Industry Standards

• Companies like Apple, Nvidia, and Broadcom also use restricted stock units as part of their executive compensation packages.
• The vesting schedules and grant sizes are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• Shareholders: Aligns CEO's interests with company performance and shareholder value.
• Employees: Can boost morale by demonstrating confidence in the company's leadership.

Key Dates