secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2026-06-09T01:50:06+00:00
Accession:  0000950103-26-008680
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000095010326008680/0000950103-26-008680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000095010326008680/dp248142_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-008680

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer