Hock Tan - Jun 17, 2021 Form 4 Insider Report for Broadcom Inc. (AVGO)

Role
President and CEO, Director
Signature
/s/ Noelle Matteson, Attorney-in-Fact for Hock E. Tan
Stock symbol
AVGO
Transactions as of
Jun 17, 2021
Transactions value $
-$84,881,747
Form type
4
Date filed
6/21/2021, 05:11 PM
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVGO Common Stock, $0.001 par value Award $0 +364K +167.1% $0.00 582K Jun 17, 2021 Direct F1
transaction AVGO Common Stock, $0.001 par value Tax liability -$84.9M -180K -30.96% $471.17 402K Jun 17, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 17, 2021, the independent members of the Issuer's Board of Directors determined the achievement of certain performance criteria, based on the Issuer's total stockholder return ("TSR") performance as compared to the S&P 500 Index and the Issuer's absolute TSR, over a four year performance period ending on June 14, 2021, and the number of shares of common stock earned and issuable pursuant to the terms of a performance stock unit award granted on June 15, 2017 (the "2017 Award") under the Avago Technologies Limited 2009 Equity Incentive Award Plan.
F2 Consists of shares withheld by the Issuer to satisfy the tax withholding obligations of the Reporting Person upon the vesting of the 2017 Award.