Qorvo Inc. has announced a new compensation plan featuring performance-based restricted stock units (PBRSUs) for its named executive officers for the fiscal year 2026. Approved by the company's Compensation Committee, these awards are part of the 2022 Stock Incentive Plan and are tied to specific performance and service conditions. Executives can earn up to 200% of the target number of PBRSUs if all performance objectives are fully met. The objectives encompass securing customer design wins, developing AI tools, achieving manufacturing and cost-saving goals, demonstrating technological achievements, enhancing customer satisfaction, and advancing designated technologies to diversify revenue. The PBRSUs will vest over three years, based on the Committee's certification of achievement levels.
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