Charlie B. Kawwas - Oct 31, 2022 Form 4 Insider Report for Broadcom Inc. (AVGO)

Role
President, Semi Solutions Grp
Signature
/s/ Noelle Matteson, Attorney-In-Fact for Charlie B Kawwas
Stock symbol
AVGO
Transactions as of
Oct 31, 2022
Transactions value $
$0
Form type
4
Date filed
11/2/2022, 08:05 PM
Previous filing
Mar 28, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVGO Common Stock, $0.001 par value 74.4K Oct 31, 2022 Direct F1
holding AVGO Common Stock, $0.001 par value 55 Oct 31, 2022 By Child 1
holding AVGO Common Stock, $0.001 par value 55 Oct 31, 2022 By Child 2
holding AVGO Common Stock, $0.001 par value 55 Oct 31, 2022 By spouse as custodian for Child 3
holding AVGO Common Stock, $0.001 par value 55 Oct 31, 2022 By spouse as custodian for Child 4

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 AVGO Stock Price Performance Stock Unit Award $0 +300K $0.00 300K Oct 31, 2022 Common Stock, $0.001 par value 300K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 36,960 restricted stock units.
F2 Stock price performance stock unit award (the "PSU") granted pursuant to the Broadcom Inc. 2012 Stock Incentive Plan. Subject to the terms and conditions of the PSU agreement, the PSU vests on October 31, 2027. The number of shares that may be earned is based on achieving pre-set price hurdles (the "Price Contingency"). No portion of the PSU will be earned unless the consecutive 20-trading days closing price average of the Issuer's common stock meets or exceeds the Price Contingency during the period beginning after the third anniversary of the grant date and concluding on the fifth anniversary of the grant date.
F3 If the Price Contingency is not met on or prior to the fifth anniversary of the grant date or such earlier date as provided in the PSU agreement, all PSUs will immediately be forfeited.