Feld Peter A 4
Research Summary
AI-generated summary
Qorvo (QRVO) Director Peter A. Feld Sells $192.3M of Stock
What Happened
- Peter A. Feld, a director of Qorvo, sold a total of 1,900,000 shares in two open-market transactions on June 2, 2026. He disposed of 1,328,094 shares at $100.25 each (proceeds $133,146,736) and 571,906 shares at $103.41 each (proceeds $59,140,228), for combined proceeds of $192,286,964 (weighted-average price ≈ $101.20). These were sales (S), not purchases.
Key Details
- Transaction dates and prices: 2026-06-02 — 1,328,094 shares @ $100.25; 2026-06-02 — 571,906 shares @ $103.41.
- Total shares sold: 1,900,000; total proceeds: $192,286,964.
- Filing: Reported on Form 4 with Period of Report 2026-06-02 (filed same day — appears timely).
- Shares owned after transaction: Not disclosed in the provided data.
- Footnote: Starboard Value LP ("Starboard") manages accounts that hold the reported securities. As a Managing Member of Starboard, Feld may be deemed to beneficially own the securities held by Starboard Accounts but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.
Context
- These were outright sales in the open market. Sales by directors can be routine (liquidity, portfolio management, or to satisfy other obligations) and do not by themselves indicate a change in company fundamentals or future performance.
- The reporting structure indicates the holdings may be associated with Starboard-managed accounts; this is institutional/managerial reporting rather than, for example, an option exercise or grant.