Qorvo Grants FY2027 Performance Stock Awards to Executives, Adds Retention Award
Qorvo's Compensation Committee approved fiscal 2027 performance-based restricted stock units for its named executive officers on June 4, 2026, tied to non-GAAP operating income, gross margin and revenue targets. A separate retention award went to Philip J. Chesley, tied to organic HPA revenue growth. The awards tie executive pay to company financial targets, which bears on how management is incentivized, though the filing reports no change in leadership.
Key points
- Awards approved June 4, 2026; shares priced at $103.97, the Nasdaq closing price that day
- Targets weighted 50% non-GAAP operating income, 25% gross margin, 25% revenue; officers may earn up to 200% of target
- CEO Robert A. Bruggeworth's target is 33,183 shares for operating income, 16,591 each for gross margin and revenue
- Chesley's retention award totals 9,618 RSUs plus 9,618 PBRSUs; performance objectives stay in place after the pending Skyworks merger closes
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.