Reza Kasnavi - Nov 10, 2023 Form 4 Insider Report for SKYWORKS SOLUTIONS, INC. (SWKS)

Role
SVP, Tech. & Manufacturing
Signature
Ashran Jen, as Attorney-In-Fact for Reza Kasnavi
Stock symbol
SWKS
Transactions as of
Nov 10, 2023
Transactions value $
-$1,099,034
Form type
4
Date filed
11/14/2023, 06:47 PM
Previous filing
Nov 9, 2023
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWKS Common Stock Options Exercise +2.44K +12.37% 22.2K Nov 10, 2023 Direct F1
transaction SWKS Common Stock Tax liability -$109K -1.21K -5.46% $90.03 20.9K Nov 10, 2023 Direct F2
transaction SWKS Common Stock Award $0 +12.2K +58.17% $0.00 33.1K Nov 10, 2023 Direct F3
transaction SWKS Common Stock Tax liability -$544K -6.04K -18.24% $90.03 27.1K Nov 10, 2023 Direct F2
transaction SWKS Common Stock Options Exercise +2.29K +8.47% 29.4K Nov 13, 2023 Direct F1
transaction SWKS Common Stock Tax liability -$101K -1.14K -3.87% $88.91 28.2K Nov 13, 2023 Direct F2
transaction SWKS Common Stock Sale -$345K -3.87K -13.71% $89.09 24.4K Nov 13, 2023 Direct F4
holding SWKS Common Stock 1K Nov 10, 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 Options Exercise $0 -2.44K -33.33% $0.00 4.88K Nov 10, 2023 Common Stock 2.44K Direct F1, F6
transaction SWKS Restricted Stock Units Options Exercise $0 -2.29K -50% $0.00 2.29K Nov 13, 2023 Common Stock 2.29K Direct F1, F7
* 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 Restricted stock units convert into shares of common stock on a one-for-one basis.
F2 Represents shares withheld to satisfy tax withholding obligations related to the issuance of unrestricted stock to the Reporting Person.
F3 Represents 12,183 shares of common stock issued to the Reporting Person pursuant to a performance share award dated 11/10/2021. Such performance share award contained both a continued employment condition and a performance condition related to the achievement by the Issuer of certain pre-established performance metrics for fiscal years 2022 and 2023.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 5/30/2023.
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 The restricted stock units vest in four (4) equal installments, beginning on 11/10/2022 and ending on 11/10/2025.
F7 The restricted stock units vest in four (4) equal installments, beginning on 11/11/2021 and ending on 11/11/2024.