Qorvo SVP Philip Chesley Sells 2,999 Shares for $285,000 to Cover Tax Obligations
Updated
Updated · Yahoo Finance · Aug 8
Qorvo SVP Philip Chesley Sells 2,999 Shares for $285,000 to Cover Tax Obligations
2 articles · Updated · Yahoo Finance · Aug 8
Summary
$285,000 of Qorvo stock was disposed of by SVP Philip Chesley on Aug. 5 through a non-discretionary sale tied to restricted-equity vesting, according to an SEC Form 4 filing.
The transaction covered tax withholding obligations rather than a shift in insider sentiment, with the shares sold at a weighted average price of $95.04.
Chesley still directly holds 49,508 shares after the sale, leaving him with a stake valued at about $4.72 million based on Qorvo's Aug. 5 close.
Qorvo shares closed at $95.33 on Aug. 6, giving the semiconductor company an $8.4 billion market value after a 12% one-year return as of the transaction date.