Robert J. Terry - Nov 7, 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
Stock symbol
SWKS
Transactions as of
Nov 7, 2023
Transactions value $
-$438,212
Form type
4
Date filed
11/9/2023, 07:42 PM
Previous filing
Nov 8, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWKS Common Stock Award $0 +36 +0.28% $0.00 12.8K Nov 7, 2023 Direct F1
transaction SWKS Common Stock Tax liability -$1.61K -18 -0.14% $89.36 12.8K Nov 7, 2023 Direct F2
transaction SWKS Common Stock Options Exercise +3.63K +28.35% 16.4K Nov 8, 2023 Direct F3
transaction SWKS Common Stock Tax liability -$158K -1.8K -10.95% $87.90 14.6K Nov 8, 2023 Direct F2
transaction SWKS Common Stock Sale -$278K -3.16K -21.55% $88.18 11.5K Nov 9, 2023 Direct F4
holding SWKS Common Stock 3.06K Nov 7, 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 +14.8K $0.00 14.8K Nov 7, 2023 Common Stock 14.8K Direct F6, F7
transaction SWKS Restricted Stock Units Options Exercise $0 -3.63K -25% $0.00 10.9K Nov 8, 2023 Common Stock 3.63K 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.