Form 4: Qualcomm Director Jean-Pascal Tricoire Receives Annual Deferred Stock Units

Director Jean-Pascal Tricoire received 2,097 deferred stock units from Qualcomm under the 2025 Director Compensation Plan.

Summary

• On March 18, 2025, Jean-Pascal Tricoire, a director of Qualcomm, received 2,097 deferred stock units.
• These units were granted under the Qualcomm Incorporated 2025 Director Compensation Plan.
• The deferred stock units are fully vested upon grant.
• Settlement of the units will occur in shares of Qualcomm's common stock, with a potential partial cash settlement option.
• Settlement will take place upon the earlier of separation from service (no earlier than the third anniversary of the grant date), death, disability, or a change in control.
• If a partial cash settlement is elected, it will be reported as a disposition to the issuer on a subsequent Form 4.

Sentiment

Score: 7

Explanation: The document describes a routine director compensation event, which is generally viewed neutrally. The grant of stock units is a positive sign of alignment with shareholder interests.

Positives

• The grant of deferred stock units aligns the director's interests with those of the shareholders.
• Immediate vesting of the units provides an immediate incentive.

Future Outlook

The timing of the settlement of the deferred stock units depends on future events such as separation from service, death, disability, or a change in control.

Industry Context

Director compensation packages often include stock-based awards to align the interests of directors with those of shareholders. Deferred stock units are a common component of such packages.

Comparison to Industry Standards

• Director compensation packages vary across the semiconductor industry.
• Companies like Intel, NVIDIA, and AMD also use stock-based compensation for their directors.
• The specific terms of these packages, such as vesting schedules and settlement conditions, can differ significantly.

Stakeholder Impact

• Shareholders may view the grant of deferred stock units as a positive sign, aligning the director's interests with their own.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Qualcomm, Director Compensation, Deferred Stock Units, Form 4, Tricoire, QCOM, Vesting