Form 4: Qualcomm EVP Reports Significant Stock Transactions

Qualcomm EVP Heather S. Ace reported multiple transactions involving company common stock, including vesting of performance and restricted stock units and tax-related dispositions.

Summary

• Heather S. Ace, Executive Vice President and Chief HR Officer of QUALCOMM INC/DE (QCOM), reported several transactions on December 15, 2025.
• Acquired 5,351 shares of common stock from the vesting of Performance Stock Units (PSUs).
• Acquired an additional 6,056 shares of common stock from the vesting of Performance Stock Units (PSUs).
• Acquired 3,963 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• Acquired 4,250 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• Disposed of 5,656 shares of common stock at a price of $179.26 per share for tax withholding purposes.
• Disposed of 3,934 shares of common stock at a price of $179.26 per share for tax withholding purposes.
• Following these transactions, direct beneficial ownership stands at 26,542 shares of common stock.
• Indirect beneficial ownership totals 19,593 shares of common stock held by a family trust.

Sentiment

Score: 7

Explanation: The filing reports routine executive equity award vesting and associated tax-related dispositions, indicating standard compensation practices and no unusual activity. This is generally a neutral to slightly positive event for the executive, reflecting earned compensation.

Positives

• Vesting of 5,351 Performance Stock Units (PSUs) into common stock, indicating achievement of performance targets.
• Vesting of 6,056 Performance Stock Units (PSUs) into common stock, further demonstrating performance achievement.
• Conversion of 3,963.1127 Restricted Stock Units (RSUs) into common stock, representing a portion of previously granted equity awards.
• Conversion of 4,250.0766 Restricted Stock Units (RSUs) into common stock, reflecting continued vesting of equity compensation.

Negatives

• Disposition of 5,656 shares of common stock at $179.26 for tax withholding purposes, reducing direct shareholdings.
• Disposition of 3,934 shares of common stock at $179.26 for tax withholding purposes, further reducing direct shareholdings.

Future Outlook

The filing indicates that remaining Restricted Stock Units (4,250.0766 shares) are scheduled to vest in equal one-third amounts on December 15, 2024, 2025, and 2026.

Industry Context

This filing represents a routine disclosure of executive compensation and stock transactions, common across publicly traded companies where equity awards are a significant component of executive pay. It does not provide specific insights into broader industry trends or competitive positioning.

Related Party Transactions

• 19,593 shares of common stock are held indirectly by the reporting person's family trust, for which the reporting person and her spouse are trustees, and members of the reporting person's immediate family are the sole beneficiaries.

Stakeholder Impact

• Shareholders: The filing reflects routine executive compensation activities and does not indicate any direct impact on company operations, strategy, or financial performance beyond standard compensation expenses.
• Employees: This report details executive-level compensation, which may indirectly influence broader compensation structures or perceptions within the company.

Next Steps

• Remaining Restricted Stock Units (4,250.0766 shares) are scheduled to vest in equal one-third amounts on December 15, 2024, 2025, and 2026.

Key Dates

Keywords

QCOM, Qualcomm, Form 4, Insider Transaction, Executive Compensation, Equity Awards, RSU, PSU, Stock Vesting