Skyworks Reports Inducement Grants to New Chief Executive Officer
The New Hire PSA may be earned based on the level of achievement of stock price hurdles measured during a four-year performance period commencing on the second anniversary of his start date and ending on the sixth anniversary of his start date. Twenty percent of the shares subject to the New Hire PSA are earned upon achievement of each of the price hurdles and vest on the one-year anniversary of the applicable price hurdle achievement date, subject to continued service on such date. The FY2025 RSU vests over a period of four years with such vesting deemed to have commenced on Nov. 5, 2024. The FY2025 PSA may vest upon the achievement of certain corporate performance milestones consistent with the metrics used for the annual PSAs previously granted to Skyworks’s other executive officers for FY2025.
The inducement grants are subject to the terms and conditions of award agreements covering the grants.
About Skyworks
Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables.
Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout
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Media Relations:
Constance Griffiths
(949) 230-4867
Constance.Griffiths@skyworksinc.com
Investor Relations:
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Raji.Gill@skyworksinc.com
Source: Skyworks Solutions, Inc.