Form 4: Qualcomm Director Neil Smit Acquires Deferred Stock Units

Director Neil Smit acquired 187 Deferred Stock Units (DSUs) of Qualcomm on March 31, 2025, in lieu of cash retainer fees.

Summary

• On March 31, 2025, Neil Smit, a director at Qualcomm, acquired 187 Deferred Stock Units (DSUs).
• These DSUs were issued in place of cash retainer fees.
• The price per share was $0.0.
• Smit now beneficially owns 8,808.3342 shares of Qualcomm common stock.
• The DSUs are fully vested upon grant and will be settled in shares of Qualcomm's common stock, with a potential partial cash settlement option.
• Settlement occurs upon separation from service, death, disability, or a change in control.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests with the company. There are no indications of negative events or concerns.

Positives

• The acquisition of DSUs reflects continued alignment of the director's interests with the company's performance.

Future Outlook

The DSUs will be settled in shares of Qualcomm's common stock upon separation from service, death, disability, or a change in control, with a potential partial cash settlement option.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings and transactions of company directors. It is standard practice for directors to receive stock-based compensation.

Stakeholder Impact

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

Key Dates

Keywords

Qualcomm, Director, Neil Smit, Deferred Stock Units, DSUs, Form 4, Beneficial Ownership, Stock Acquisition