ROBERT JOHN TERRY - 07 Nov 2023 Form 4 Insider Report for SKYWORKS SOLUTIONS, INC. (SWKS)

Role
SVP, Gen. Counsel & Secretary
Signature
Ashran Jen, as Attorney-in-Fact for Robert J. Terry
Issuer symbol
SWKS
Transactions as of
07 Nov 2023
Net transactions value
-$438,212
Form type
4
Filing time
09 Nov 2023, 19:42:25 UTC
Previous filing
08 Nov 2023
Next filing
14 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWKS Common Stock Award $0 +36 +0.28% $0.000000 12,830 07 Nov 2023 Direct F1
transaction SWKS Common Stock Tax liability $1,608 -18 -0.14% $89.36 12,812 07 Nov 2023 Direct F2
transaction SWKS Common Stock Options Exercise +3,632 +28% 16,444 08 Nov 2023 Direct F3
transaction SWKS Common Stock Tax liability $158,308 -1,801 -11% $87.90 14,643 08 Nov 2023 Direct F2
transaction SWKS Common Stock Sale $278,296 -3,156 -22% $88.18 11,487 09 Nov 2023 Direct F4
holding SWKS Common Stock 3,059 07 Nov 2023 By 401(k) plan F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SWKS Restricted Stock Units Award $0 +14,771 $0.000000 14,771 07 Nov 2023 Common Stock 14,771 Direct F6, F7
transaction SWKS Restricted Stock Units Options Exercise $0 -3,632 -25% $0.000000 10,895 08 Nov 2023 Common Stock 3,632 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Unrestricted stock award under the Issuer's Amended and Restated 2015 Long-Term Incentive Plan made as partial payment for an amount due to the Reporting Person under the Issuer's Fiscal 2023 Executive Incentive Plan.
F2 Represents shares withheld to satisfy tax withholding obligations related to the issuance of unrestricted stock to the Reporting Person.
F3 Restricted stock units convert into shares of common stock on a one-for-one basis.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 5/26/2023.
F5 This total represents the number of shares of common stock held by the Reporting Person in the Skyworks Solutions, Inc. 401(k) plan based on the latest plan statement dated 10/31/2023.
F6 Each restricted stock unit represents the contingent right to receive one (1) share of common stock upon vesting of the unit.
F7 The restricted stock units vest in four (4) equal installments, beginning on 11/7/2024 and ending on 11/7/2027.
F8 The restricted stock units vest in four (4) equal installments, beginning on 11/8/2023 and ending on 11/8/2026.