Form 4: Qualcomm Executive Rogers Reports Routine Stock Transactions

Qualcomm's EVP Alexander H. Rogers reported the vesting of performance and restricted stock units, along with subsequent tax-related dispositions and planned stock sales.

Summary

• Alexander H. Rogers, EVP, President of QTL & Global Affairs at Qualcomm Inc./DE (QCOM), reported multiple transactions involving company common stock.
• On December 15, 2025, Mr. Rogers acquired a total of 21,051 shares of common stock (9,875 and 11,176 shares) from vested Performance Stock Units (PSUs) at a price of $0.0.
• Also on December 15, 2025, 13,312 shares of common stock (7,313 and 5,999 shares) were acquired through the conversion of Restricted Stock Units (RSUs) at a price of $0.0.
• Concurrently, 16,678 shares of common stock (10,437 and 6,241 shares) were disposed of at a price of $179.26 to cover tax withholding obligations related to the vesting.
• On December 16, 2025, Mr. Rogers sold a total of 15,917 shares of common stock (2,061, 8,443, and 5,413 shares) through multiple transactions.
• These sales were executed at weighted average prices ranging from $176.8307 to $178.8161 per share, pursuant to a Rule 10b5-1 trading plan adopted on February 7, 2024.
• Following these transactions, Mr. Rogers' direct beneficial ownership of Qualcomm common stock stands at 26,071 shares.
• One tranche of Restricted Stock Units (5,999.8633 units) remains, with the final installment of shares to be issued on December 15, 2026.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (vesting and planned sales). There are no unexpected positive or negative developments that would significantly alter the company's outlook or stock performance.

Positives

• The vesting of 21,051 Performance Stock Units and 13,312 Restricted Stock Units indicates successful achievement of performance targets and continued tenure, reflecting positively on executive compensation and retention.

Negatives

• The disposition of 16,678 shares for tax withholding and the sale of 15,917 shares under a 10b5-1 plan represent a reduction in the executive's direct ownership, though these are routine and often planned events.

Future Outlook

The filing indicates a future issuance of shares from a Restricted Stock Unit tranche on December 15, 2026, as part of a previously established vesting schedule tied to Normal Retirement Age conditions.

Management Comments

• The transactions on December 16, 2025, were made pursuant to a Rule 10b5-1 trading plan adopted on February 7, 2024, indicating pre-scheduled sales.

Industry Context

This Form 4 filing reflects routine executive compensation practices within the technology and semiconductor industry, where performance-based equity awards like PSUs and RSUs are common. The use of a Rule 10b5-1 plan for stock sales is a standard practice for insiders to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: The transactions represent a routine change in an executive's direct ownership, which is generally not considered a significant market signal unless the scale or nature of the transactions is unusual. The sales are pre-planned, reducing concerns about opportunistic selling.
• Employees: The vesting of equity awards reinforces the company's compensation structure and executive retention strategies.

Next Steps

• The final installment of shares from a specific Restricted Stock Unit tranche is scheduled to be issued on December 15, 2026.

Key Dates

Keywords

Qualcomm, QCOM, Insider Trading, Form 4, Executive Compensation, Stock Vesting, 10b5-1 Plan, Restricted Stock Units, Performance Stock Units