Form 4: Qualcomm CEO Cristiano Amon Reports Stock Transactions
SEC Form 4 Filing
Cristiano Amon, President & CEO of Qualcomm, reports the vesting and disposal of restricted stock units and shares held in trust.
Summary
- Cristiano Amon, the President and CEO of Qualcomm, filed a Form 4 detailing changes in beneficial ownership of Qualcomm stock.
- On October 1, 2024, 17,022 shares of common stock were acquired through the vesting of restricted stock units held in a trust.
- Also on October 1, 2024, 7,614 shares were disposed of at a price of $165.78 per share.
- Following these transactions, Amon beneficially owns 242,163 shares of Qualcomm stock through a trust.
- The reported transactions also include 94 shares acquired under the Company's Employee Stock Purchase Plan on July 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| July 31, 2024 | 94 shares acquired under the Company's Employee Stock Purchase Plan |
| October 1, 2022 | One-third of Restricted Stock Units vested |
| October 1, 2023 | One-third of Restricted Stock Units vested |
| October 1, 2024 | Date of stock transactions: vesting of 17,022 shares and disposal of 7,614 shares; One-third of Restricted Stock Units vested |
| October 2, 2024 | Date of signature on the Form 4 filing |
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