secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001604778-25-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo grants FY2026 PBRSUs to named executives; CEO gets 61,974 target shares
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- Comp Committee approved FY2026 PBRSUs for CEO Robert Bruggeworth (61,974 target shares) and other NEOs.
- Awards split: ~75% based on key initiatives (design wins, AI tools, manufacturing); ~25% on gross margin objectives for FY2026-2028.
- PBRSUs granted at $78.42/share (May 15 close); max payout 200% of target.
- CFO Grant Brown received 17,215 Performance Objective PBRSUs and 5,738 Gross Margin PBRSUs.
- Performance periods range from Q1 FY2026 to Q1 FY2027; earned PBRSUs vest over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477825000047/0001604778-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477825000047/rfmd-20250515.htm
  HTML page:      https://secwatch.observer/filing/0001604778-25-000047

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