Qorvo grants FY2027 PBRSUs and retention award; clarifies treatment in Skyworks merger

Qorvo, Inc.

PBRSUs based on non-GAAP operating income (50% weight), gross margin (25%), and revenue (25%) over FY2027-2029.
CEO Robert Bruggeworth target: 33,183 shares for operating income, 16,591 for gross margin, 16,591 for revenue.
Retention award for Philip Chesley: 9,618 RSUs + 9,618 PBRSUs tied to organic HPA revenue growth in FY2027-2028.
Fair market value set at $103.97 per share (Nasdaq close on June 4, 2026).
Upon Skyworks merger closing, PBRSUs will remain in place and earnable per terms, not accelerated.

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