Qorvo restructures executive pay metrics after shareholder pushback, grants FY2027 equity

Filed June 9, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• high

  Compensation Committee overhauled executive pay structure in response to 2025 say-on-pay feedback, removing objectives-based metrics and tying awards to non-GAAP operating income (50%), gross margin (25%), and revenue (25%) over FY2027-2029.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  CEO Bruggeworth received target equity of ~$6.9M (66,365 shares at $103.97), with potential upside to $13.8M at 200% maximum performance across the three financial metrics.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  HPA President Chesley received $2M retention award (9,618 time-based RSUs plus 9,618 performance units tied to organic HPA revenue growth), with performance metrics surviving the pending Skyworks merger.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →