Chesley Philip 4

What Happened
Chesley Philip, Senior Vice President, High Performance Analog at Qorvo, received an award of 18,967 shares (code A) on 2026-05-12. The filing shows 3,167 of those shares were surrendered/withheld to cover tax liability (code F) at an implied per-share value of $93.41, totaling $295,829. The award’s gross value at that price is approximately $1.77M; after withholding the net shares delivered were 15,800.

Key Details

• Transaction dates: 2026-05-12 (reported on Form 4 filed 2026-05-13). Filing appears timely.
• Award: 18,967 shares acquired (code A) at $0.00 per share (typical for stock awards/RSUs).
• Tax withholding: 3,167 shares withheld (code F) at $93.41 = $295,829.
• Net shares delivered: 15,800 (18,967 − 3,167).
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5‑1 plan or late‑filing flag noted in the information provided.

Context
This appears to be a routine equity award vesting with shares withheld to satisfy tax obligations (a cashless tax withholding), not an open‑market sale. Such withholding is standard and does not necessarily indicate a change in the insider’s view of the company; purchases or open‑market buys are typically stronger signals of insider conviction.