Form 4: Qualcomm Director Neil Smit Acquires Deferred Stock Units

Director Neil Smit acquired 169 Deferred Stock Units (DSUs) of Qualcomm on September 30, 2024, in lieu of cash retainer fees.

Summary

• On September 30, 2024, Neil Smit, a director of Qualcomm, acquired 169 Deferred Stock Units (DSUs).
• The DSUs were issued in lieu of cash retainer fees.
• The price per unit was $0.0.
• Following the transaction, Smit beneficially owns 6,266.9978 shares of Qualcomm common stock.
• The DSUs are 100% vested on the grant date and will be settled in shares of Qualcomm's common stock (and potentially partially in cash) upon separation from service, death, disability, or a change in control.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects standard compensation practices and insider alignment with the company's performance.

Positives

• The acquisition of DSUs by a director signals continued alignment with the company's performance.

Future Outlook

The DSUs will be settled in shares of Qualcomm's common stock (and potentially partially in cash) upon separation from service, death, disability, or a change in control.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates