Form 4: Qualcomm Executive Neil Martin Reports Stock Transactions
SEC Form 4
Neil Martin, SVP, Finance and CAO of Qualcomm, reports the vesting and sale of restricted stock units and common stock transactions.
Summary
- Neil Martin, a Senior Vice President at Qualcomm, reported several transactions involving Qualcomm common stock.
- On May 20, 2024, Martin vested 1,075 restricted stock units (RSUs) which converted into common stock, followed by 631 RSUs and 547 RSUs.
- Also on May 20, 2024, 779 shares were disposed of to cover tax obligations at a price of $197.76.
- On May 21, 2024, Martin sold 1,116 shares at $196.11 per share.
- On May 22, 2024, Martin sold 358 shares at $202.1292 per share.
- Following these transactions, Martin directly owns 0 shares of Qualcomm common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation. The transactions are disclosed to maintain transparency and comply with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the executive's position and the pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| May 18, 2023 | Date of adoption of Rule 10b5-1 trading plan |
| November 20, 2022 | Vesting date for one-third of Restricted Stock Units |
| November 20, 2023 | Vesting date for one-third of Restricted Stock Units |
| February 20, 2024 | Start date for equal quarterly vesting of Restricted Stock Units |
| May 20, 2024 | Date of multiple RSU vesting and stock disposal transactions |
| May 21, 2024 | Date of stock sale transaction |
| May 22, 2024 | Date of stock sale transaction |
| November 20, 2024 | Expiration date for Restricted Stock Units |
| November 20, 2025 | Expiration date for Restricted Stock Units |
| November 20, 2026 | Expiration date for Restricted Stock Units |
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