Grant Brown disposed of 4,628 shares to settle tax obligations from vested equity, reducing direct holdings to 54,447 shares.
Qorvo Inc. CFO Grant Brown sold 4,628 shares at a weighted average price of $95.04 on August 5, according to an SEC filing. The transaction was non-discretionary, with shares withheld to cover tax liabilities from vesting equity awards.
Brown’s remaining direct holdings total 54,447 shares, valued at $5.19 million based on the August 5 closing price of $95.25. The sale represents an 8% reduction in his direct ownership, which now accounts for 0.06% of Qorvo’s outstanding shares. The company reported $3.6 billion in trailing-12-month revenue and $399.2 million in net income.
The filing noted no immediate market reaction to the transaction, which was tied to routine equity compensation processes.