Routine compensation filing with no trading signal. Monitor the next 10-Q for the full award agreement and any potential dilution from PBRSU vesting. The retention award for the HPA segment president signals management's focus on organic HPA revenue growth — watch for segment performance in upcoming quarters.
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Executive Summary
Qorvo filed an 8-K reporting the Compensation Committee's approval of FY2027 performance-based restricted stock unit (PBRSU) awards for named executive officers and a retention award for the President of High Performance Analog. The filing is a routine compensatory arrangement with no departures, appointments, or material financial data — it does not change the company's operational outlook or capital structure.
Key Facts
- FY2027 PBRSUs approved for CEO Robert A. Bruggeworth (target: 33,183 shares on non-GAAP operating income, 16,591 on gross margin, 16,591 on revenue) and other NEOs
- Retention award granted to Philip J. Chesley (President of HPA): 9,618 service-based RSUs + 9,618 PBRSUs tied to organic HPA revenue growth
- Fair market value set at $103.97 per share (closing price on June 4, 2026)
- Performance metrics revised in response to shareholder feedback — removed objectives-based metrics used in prior years
- PBRSUs vest only after Committee certification of performance achievement; maximum payout is 200% of target per metric
Financial Impact
No financial impact disclosed; target shares represent approximately 0.07% of outstanding shares (66,366 total target shares for CEO at ~$6.9M grant date value at $103.97/share)
Risk Factors
- Potential dilution from PBRSU vesting if performance targets are met (up to 200% of target per metric)
- No material risk identified from this filing alone
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000950103-26-008680 |
| Document: 0000950103-26-008680-index-headers.html | 0000950103-26-008680 |
| Document: 0000950103-26-008680-index.html | 0000950103-26-008680 |
| Document: 0000950103-26-008680.txt | 0000950103-26-008680 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $107.98 $117.21 | ▲ +8.55% | ▲ +8.44% | $113.22 (+4.85%) |
Sep 11, 2026 21d ago | 425 | $116.65 $117.18 | ▲ +0.45% | ▲ +0.68% | $113.22 (−2.94%) |
Sep 3, 2026 29d ago | Insider Cluster | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.22 (+12.79%) |
Sep 2, 2026 29d ago | 144 | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.22 (+12.79%) |
Sep 2, 2026 4w ago | 144 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.22 (+13.04%) |
Sep 2, 2026 4w ago | 425 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.22 (+13.04%) |
Aug 18, 2026 6w ago | Insider Cluster | $95.37 $94.34 | ▲ +1.07% | ▲ +0.87% | $113.22 (−18.72%) |
Aug 10, 2026 7w ago | 425 | $96.68 $95.37 | ▼ −1.36% | ▼ −0.96% | $113.22 (+17.11%) |
Aug 3, 2026 8w ago | 425 | $89.49 $97.00 | ▲ +8.39% | ▲ +6.36% | $113.22 (+26.52%) |
Jul 15, 2026 11w ago | Press Release | $83.50 $86.73 | ▲ +3.87% | ▲ +5.54% | $113.22 (+35.59%) |
US Market Status
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