Skyworks Reports Inducement Grants to New Chief Executive Officer
21 Fevereiro 2025 - 6:30PM
Business Wire
Skyworks Solutions, Inc. (Nasdaq: SWKS), a leading developer,
manufacturer and provider of analog and mixed-signal semiconductors
and solutions for numerous applications, today announced the grant
of inducement awards to its newly appointed chief executive
officer, Philip Brace, who commenced his employment at Skyworks on
Feb. 17, 2025. In connection with Mr. Brace’s appointment, the
Compensation Committee of the Board of Directors approved the grant
to Mr. Brace of (i) a new hire performance share award (New Hire
PSA) with respect to 455,028 shares of the Company’s common stock,
(ii) a restricted stock unit award for the 2025 fiscal year (FY2025
RSU) with respect to 43,682 shares of the Company’s common stock
and (iii) a performance share award for the 2025 fiscal year
(FY2025 PSA) with respect to 65,524 shares of the Company’s common
stock (at target), or up to 163,810 shares if the performance
conditions are achieved at the maximum level, each as an inducement
material to Mr. Brace entering into employment with Skyworks in
accordance with Nasdaq Listing Rule 5635(c)(4).
The New Hire PSA may be earned based on the level of achievement
of stock price hurdles measured during a four-year performance
period commencing on the second anniversary of his start date and
ending on the sixth anniversary of his start date. Twenty percent
of the shares subject to the New Hire PSA are earned upon
achievement of each of the price hurdles and vest on the one-year
anniversary of the applicable price hurdle achievement date,
subject to continued service on such date. The FY2025 RSU vests
over a period of four years with such vesting deemed to have
commenced on Nov. 5, 2024. The FY2025 PSA may vest upon the
achievement of certain corporate performance milestones consistent
with the metrics used for the annual PSAs previously granted to
Skyworks’s other executive officers for FY2025.
The inducement grants are subject to the terms and conditions of
award agreements covering the grants.
About Skyworks
Skyworks Solutions, Inc. is empowering the wireless networking
revolution. We are a leading developer, manufacturer and provider
of analog and mixed-signal semiconductors and solutions for
numerous applications, including aerospace, automotive, broadband,
cellular infrastructure, connected home, defense, entertainment and
gaming, industrial, medical, smartphone, tablet and wearables.
Skyworks is a global company with engineering, marketing,
operations, sales and support facilities located throughout Asia,
Europe and North America and is a member of the S&P 500® market
index (Nasdaq: SWKS). For more information, please visit Skyworks’
website at: www.skyworksinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250221792111/en/
Media Relations: Constance Griffiths (949) 230-4867
Constance.Griffiths@skyworksinc.com
Investor Relations: Raji Gill (949) 508-0973
Raji.Gill@skyworksinc.com
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