Form 4: Qualcomm Director Jamie S. Miller Reports Stock Unit Settlement

Director Jamie S. Miller reports the settlement of deferred stock units into Qualcomm common stock.

Summary

• On March 10, 2024, Jamie S. Miller, a director of Qualcomm Inc., settled annual deferred stock units, receiving 2,056 shares of common stock.
• The transaction involved the settlement of Deferred Stock Units granted on March 10, 2021.
• Following the transaction, Miller directly owns 5,726.0743 Deferred Stock Units and indirectly owns 4,159 shares of common stock through a joint account.
• The Deferred Stock Units are fully vested upon grant and are settled in shares of Qualcomm's common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects the standard execution of executive compensation plans. There are no indications of negative events or concerns.

Positives

• The settlement of deferred stock units indicates a continued alignment of the director's interests with those of the company and its shareholders.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Qualcomm.

Comparison to Industry Standards

• Executive compensation packages often include deferred stock units as a way to incentivize long-term performance and align executive interests with shareholder value.
• Companies like Apple, Intel, and Samsung also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates