Form 4: Qualcomm CTO Achour Reports RSU Vesting, Tax Withholding

Qualcomm's Chief Technology Officer, Baaziz Achour, reported the vesting and conversion of Restricted Stock Units, including shares withheld for tax obligations, on October 15, 2025.

Summary

• Baaziz Achour, Chief Technology Officer of Qualcomm Inc./DE (QCOM), reported transactions on October 15, 2025.
• Acquired a total of 5,773 shares of Qualcomm Common Stock through the conversion of Restricted Stock Units (RSUs).
• Disposed of a total of 3,108 shares of Common Stock at a price of $162.97 per share to cover tax liabilities associated with the RSU vesting.
• Following these transactions, Achour beneficially owns 86,460 shares of Common Stock indirectly through a family trust.
• The RSUs vested upon Achour's attainment of Normal Retirement Age, as defined in the Executive Restricted Stock Unit Agreements.
• The vested RSUs, along with allocable dividend equivalents, are scheduled to be converted and shares issued in three equal annual installments on October 15, 2025, 2026, and 2027.

Sentiment

Score: 7

Explanation: This is a routine executive compensation event, indicating continued executive retention and a pre-planned vesting schedule. The tax withholding is a standard procedure and not indicative of negative sentiment or unexpected company performance.

Positives

• The vesting of Restricted Stock Units indicates the successful fulfillment of long-term incentive compensation plans for the executive.
• The conversion of RSUs into common stock demonstrates the executive's continued equity stake in the company.

Negatives

• A portion of the vested shares (3,108 shares) was disposed of to cover tax liabilities, resulting in a reduction of the total shares beneficially owned compared to the sum of acquired shares.

Future Outlook

The remaining vested Restricted Stock Units (RSUs) are scheduled to be converted into common stock and issued in two additional equal annual installments on October 15, 2026, and October 15, 2027.

Industry Context

This filing reflects a routine executive compensation event, specifically the vesting of Restricted Stock Units and the subsequent handling of tax liabilities, which is a common practice in the technology industry for retaining and incentivizing key personnel.

Comparison to Industry Standards

• These transactions reflect standard executive compensation practices, including the vesting of Restricted Stock Units and subsequent share withholding for tax obligations, common across large publicly traded technology companies such as Apple, Microsoft, and Google, which frequently use RSUs as a core component of their executive incentive programs.

Related Party Transactions

• Shares are held indirectly by the reporting person's family trust, for which the reporting person and his spouse serve as trustees. Members of the reporting person's immediate family are the sole beneficiaries of the trust.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, pre-scheduled executive compensation transactions and do not reflect new operational or strategic information.
• Employees: Reinforces the company's executive compensation structure and long-term incentive plans.

Next Steps

• Issuance of the second annual installment of vested RSU shares on October 15, 2026.
• Issuance of the third annual installment of vested RSU shares on October 15, 2027.

Key Dates

Recommendation

This Form 4 reports routine, pre-scheduled transactions related to executive compensation (RSU vesting and tax withholding). It does not contain new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transactions are expected and reflect the execution of existing compensation agreements.

Keywords

Qualcomm, QCOM, Baaziz Achour, CTO, SEC Form 4, RSU, Restricted Stock Unit, Stock Vesting, Insider Trading, Executive Compensation, Stock Transactions, Tax Withholding