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Qorvo sets FY2027 executive PBRSU awards tied to non-GAAP operating income, gross margin, revenue targets

PUBT·06/09/2026 10:05:16
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Qorvo sets FY2027 executive PBRSU awards tied to non-GAAP operating income, gross margin, revenue targets
  • Qorvo set fiscal 2027 performance-based restricted stock unit awards for named executive officers under its 2022 Stock Incentive Plan.
  • Earnout mix: 50% tied to non-GAAP operating income across fiscal 2027-2029; 25% to non-GAAP gross margin across 2027-2029; 25% to fiscal 2029 revenue.
  • Payout can reach 200% of target for each metric; awards vest upon committee certification following each applicable performance period.
  • Grant-date share price used to set fair value: $103.97, based on the June 4, 2026 Nasdaq close.
  • CEO Robert A. Bruggeworth target shares: 33,183 operating income; 16,591 gross margin; 16,591 revenue.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Qorvo Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-26-008680), on June 09, 2026, and is solely responsible for the information contained therein.