Form 4: Qualcomm Director Mark Fields Receives Deferred Stock Units

Director Mark Fields received 2,097 deferred stock units from Qualcomm on March 18, 2025, according to a Form 4 filing.

Summary

• On March 18, 2025, Mark Fields, a director at 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.
• The units will be settled in shares of Qualcomm's common stock, with a potential partial cash settlement option.
• Settlement will occur upon separation from service (no earlier than the third anniversary of the grant date), death, disability, or a change in control.
• Fields also indirectly owns 3,069 shares through a spouse's trust.
• Following the transaction, Fields directly owns 7,279.8085 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, aligning director interests with company performance. There are no indications of negative implications.

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 upon grant, indicating immediate value to the director.

Future Outlook

The deferred stock units will be settled in shares of Qualcomm's common stock upon certain events such as separation from service, death, disability, or a change in control, potentially impacting the director's holdings and the company's stock distribution.

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 the company's long-term performance. This aligns with industry standards for executive compensation.

Comparison to Industry Standards

• Companies like Apple, Intel, and Nvidia also use stock-based compensation for their directors.
• The vesting and settlement terms are typical for deferred stock unit grants in similar tech companies.
• The amount of deferred stock units granted is within the range of what is seen at comparable companies.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's success.
• Employees may see this as a standard practice for director compensation.

Next Steps

• The director will receive shares of Qualcomm's common stock upon the occurrence of certain events as outlined in the grant agreement.
• If an election is made to settle the units partially in cash, such partial cash settlement will be reported on a subsequent Form 4.

Key Dates

Keywords

Qualcomm, Director, Mark Fields, Deferred Stock Units, Form 4, Compensation, Stock, Shares