Qorvo (QRVO) SVP delivers 2,021 shares to cover tax liability, holds 31,571
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Qorvo, Inc. senior vice president Philip Chesley reported a tax-related share disposition. On May 5, he delivered 2,021 shares of Common Stock at $92.53 per share to satisfy a tax liability, a mechanism described as a tax-withholding disposition rather than an open-market sale. Following this transaction, he directly owned 31,571 Qorvo shares, indicating he retained a substantial equity stake after covering the tax obligation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chesley Philip
Role
SVP, High Performance Analog
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,021 | $92.53 | $187K |
Holdings After Transaction:
Common Stock — 31,571 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 2,021 shares
Price per share: $92.53 per share
Shares held after transaction: 31,571 shares
+1 more
4 metrics
Tax-withholding shares
2,021 shares
Common Stock delivered for tax liability on May 5
Price per share
$92.53 per share
Value used for tax-withholding disposition
Shares held after transaction
31,571 shares
Direct Qorvo holdings by Philip Chesley after Form 4 event
Tax-withholding shares count
2,021 shares
Reported as taxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, Common Stock, Payment of exercise price or tax liability by delivering securities, non-derivative
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 2,021 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock" for the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description explains code F as this type of payment"
non-derivative financial
"transaction_type is listed as "non-derivative" for this entry"
FAQ
What insider transaction did Qorvo (QRVO) SVP Philip Chesley report?
Philip Chesley reported a tax-withholding disposition of 2,021 Qorvo common shares. The shares were delivered to cover a tax liability, not sold on the open market. After the transaction, he continued to hold 31,571 Qorvo shares directly.
Was the Qorvo (QRVO) insider transaction a sale or a tax-withholding event?
The transaction was a tax-withholding event, not an open-market sale. Chesley delivered 2,021 Qorvo shares to pay a tax liability, as indicated by the Form 4 transaction code F and its description for payment of tax obligations.
What does transaction code F mean in the Qorvo (QRVO) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Qorvo filing, it shows that 2,021 common shares were used to satisfy a tax obligation rather than being sold through a standard market transaction.