Form 4: Qualcomm Director Jamie S. Miller Reports Acquisition of Deferred Stock Units

Director Jamie S. Miller reports the acquisition of 2,097 deferred stock units in Qualcomm, fully vested upon grant, as part of the 2025 Director Compensation Plan.

Summary

• On March 18, 2025, Jamie S. Miller, a director of Qualcomm Inc., acquired 2,097 shares of common stock in the form of deferred stock units.
• These units were granted under the Qualcomm Incorporated 2025 Director Compensation Plan.
• The deferred stock units are 100% vested on the grant date.
• The units will be settled in shares of Qualcomm's common stock (and potentially partially in cash) on the earlier of March 18, 2028, death, disability, or a change in control.
• Miller also indirectly owns 6,018 shares of common stock through a joint account.
• Jon Russo, Attorney-in-Fact, signed the report on behalf of Jamie S. Miller on March 20, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard director compensation practice, indicating confidence in the company's future.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• The units are fully vested immediately, indicating confidence in the director's continued service.

Future Outlook

The deferred stock units will be settled in shares of the Company's common stock (and partially in cash if election is made within 60 days of the date of grant) in accordance with the grant agreement on the earlier of (1) March 18, 2028 (2) death, (3) disability, or (4) a change in control.

Industry Context

Director compensation in the form of stock and deferred stock units is a common practice in the technology industry to align the interests of directors with shareholders.

Comparison to Industry Standards

• Companies like Apple, Microsoft, and Intel also use stock-based compensation for their directors.
• The vesting and settlement terms are fairly standard compared to other tech companies.

Stakeholder Impact

• The grant of deferred stock units aligns the director's interests with those of the shareholders.
• This type of compensation is designed to incentivize directors to make decisions that benefit the company's long-term value.

Key Dates

Keywords

Form 4, Director Compensation Plan, Deferred Stock Units, Jamie S. Miller, Qualcomm, QCOM, Director