Qorvo executive disposes of 3,949 shares to cover tax obligations, retaining a $11.84 million stake in the company.
Qorvo Inc. (NASDAQ:QRVO) senior executive Steven E. Creviston sold 3,949 shares on August 5 at a weighted average price of $95.04, totaling approximately $375,000. The transaction was non-discretionary, executed to satisfy tax withholding requirements tied to vesting equity awards.
Creviston retains 124,261 shares, representing a 0.1% ownership stake valued at $11.84 million as of the August 5 market close. Qorvo’s stock has risen 12% over the past year, with a market capitalization of $8.4 billion and trailing 12-month revenue of $3.6 billion.
The disposal is part of standard compensation practices and does not indicate a change in the executive’s outlook on the company.