Frank P.
Stewart, SVP of advanced cellular at Qorvo (NASDAQ:QRVO), disposed of 2,262 shares of common stock on August 5 in a non-discretionary transaction, according to a recent SEC Form 4 filing
Transaction summary Key questions – What was the nature of this transaction? The disposition was a non-discretionary tax withholding event triggered by the vesting of restricted stock units. This is a routine administrative mechanism used to satisfy the insider’s tax liabilities and does not indicate a shift in the executive’s investment outlook or a decision to exit the position. – What remains of the insider’s equity stake?
Stewart continues to hold 51,348 shares directly, representing 96% of the holdings held prior to this filing. As of the August 6 market close price of $95.33, this direct equity position has a market value of approximately $4.9 million. – How does the insider’s remaining stake compare to the company’s capitalization? The executive’s current direct holdings represent a 0.06% ownership interest in Qorvo.