Alexander H. Rogers - Dec 13, 2023 Form 4 Insider Report for QUALCOMM INC/DE (QCOM)

Role
President QTL & Global Affairs
Signature
By: Jon Russo, Attorney-in-Fact For: Alexander H. Rogers
Stock symbol
QCOM
Transactions as of
Dec 13, 2023
Transactions value $
-$4,035,840
Form type
4
Date filed
12/15/2023, 04:14 PM
Previous filing
Oct 2, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QCOM Common Stock Award $0 +3K +11.88% $0.00 28.2K Dec 13, 2023 Direct F1
transaction QCOM Common Stock Tax liability -$206K -1.49K -5.26% $138.80 26.7K Dec 13, 2023 Direct
transaction QCOM Common Stock Award $0 +29.2K +109.07% $0.00 55.9K Dec 13, 2023 Direct F1
transaction QCOM Common Stock Tax liability -$2.01M -14.5K -25.87% $138.80 41.4K Dec 13, 2023 Direct
transaction QCOM Common Stock Sale -$1.82M -13K -31.3% $140.50 28.5K Dec 14, 2023 Direct F2, F3

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 QCOM Restricted Stock Unit Award $0 +17.3K $0.00 17.3K Dec 13, 2023 Common Stock 17.3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent Performance Stock Units that vested on October 1, 2023. On December 13, 2023, the HR and Compensation Committee determined and certified the number of shares to be paid.
F2 The transaction was made pursuant to a Rule 10b5-1 trading plan adopted on November 10, 2022 and intended to satisfy the affirmative defense conditions of Rule 10b5-1 (as in effect on the date of adoption).
F3 The sale prices for this transaction ranged from $139.66 to $142.45. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.
F4 Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.
F5 Because the recipient has met the other conditions for Normal Retirement Age (as defined in the applicable Executive Restricted Stock Unit Award Agreement), these Restricted Stock Units will be fully vested on the date that is three months after the grant date. The vested Restricted Stock Units (and allocable dividend equivalents) will be converted and shares issued in three equal annual installments on December 15, 2024, 2025 and 2026.