Grant Brown, the chief financial officer of Qorvo, Inc. (NASDAQ:QRVO), reported a non-discretionary disposition of 4,628 shares on August 5, according to an SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($95.04); post-transaction value based on the August 5 market close ($95.25).
Key questions
What triggered this automated transaction?
The disposition of 4,628 shares was a non-discretionary transaction in which the company withheld shares to satisfy tax liabilities arising from the vesting of previously granted equity awards.How does this affect the CFO’s remaining equity footprint?
Following this 8% adjustment in direct ownership, Brown maintains a significant personal stake consisting of 54,447 shares, which represents a market value of $5.19 million as of the August 5 close.What is the scale of the executive’s ownership relative to the company?
The executive’s direct holdings constitute a 0.06% ownership interest in the firm, which reported trailing-12-month revenue of $3.6 billion and net income of $399.2 million.
Company Overview
Company Snapshot
Qorvo designs and manufactures radio frequency, analog, and power semiconductor components for wireless, wired, and power applications across consumer electronics, infrastructure, and defense markets.
The company operates through two primary business segments—Mobile Products and Infrastructure and Defense Products—generating revenue by supplying critical semiconductor components to original equipment manufacturers and system integrators.
Qorvo serves a diverse customer base, including smartphone manufacturers, telecommunications infrastructure providers, automotive suppliers, and defense contractors, with significant exposure to 5G deployment and mobile device proliferation globally.
Qorvo is a global semiconductor specialist with approximately 5,000 employees headquartered in Greensboro, North Carolina, commanding an $8.4 billion market capitalization. The company maintains a diversified revenue base across consumer mobile devices and infrastructure markets, generating $3.6 billion in TTM revenue with net income of $399.2 million, reflecting its position as a critical supplier of RF and analog components in the semiconductor value chain. Qorvo’s competitive advantage derives from its integrated design and manufacturing capabilities, extensive intellectual property portfolio, and established relationships with leading OEMs in high-growth wireless and defense sectors.
