On June 4, 2026, Qorvo's Compensation Committee approved fiscal year 2027 performance-based restricted stock units (PBRSUs) for named executive officers, including CEO Robert A. Bruggeworth and CFO Grant A. Brown. Awards are based on non-GAAP operating income (50%), gross margin (25%), and revenue (25%) targets, with a grant date fair market value of $103.97 per share. Additionally, Philip J. Chesley received a retention award consisting of 9,618 service-based RSUs and 9,618 PBRSUs tied to organic HPA revenue growth. The filing notes that these PBRSUs will remain in place following the company's previously announced merger with Skyworks Solutions, Inc. Qorvo operates in the semiconductor industry, providing radio frequency (RF) and analog solutions.
