Akash J. Palkhiwala, Executive Vice President, CFO and COO of Qualcomm Inc/DE (NASDAQ:QCOM), filed a Form 4 on November 2, 2026, reporting RSU vesting transactions and related share withholdings that occurred on October 31, 2026.

Key Highlights

  • RSU conversions: Palkhiwala acquired 8,362 shares and 1,289 shares of common stock via two separate RSU vesting events, both on October 31, 2026, at $0.0 cost.
  • Tax withholding disposals: 3,950 shares were disposed of at $164.79 per share to cover tax liability on the first vesting; 1,289 shares were disposed of at $164.79 per share for the second.
  • Normal Retirement Age trigger: According to the filing, the RSUs granted in October 2025 became fully vested upon the reporting person's attainment of Normal Retirement Age as defined in the applicable Executive Restricted Stock Unit Agreements.
  • Remaining beneficial ownership: Following all reported transactions, Palkhiwala directly beneficially owned 25,211 shares of common stock.
  • Derivative securities remaining: After the vesting conversions, Palkhiwala held 20,594.9145 and 19,304.9876 restricted stock units (RSUs) remaining in two separate awards, both with a final expiration of October 31, 2028.
  • RSU structure: Each RSU converts on a one-for-one basis into Qualcomm common stock and vests in equal one-third amounts on October 31, 2026, 2027, and 2028, subject to continued employment or qualifying retirement terms.

Palkhiwala's October 2026 RSU Vesting and Share Withholding Details

According to the Form 4 filed by Jon Russo as attorney-in-fact for Akash J. Palkhiwala on November 2, 2026, two RSU conversion transactions took place on October 31, 2026. The first involved the vesting of 8,362.5669 restricted stock units, resulting in 8,362 shares acquired at $0.0, bringing Palkhiwala's direct holdings to 29,161 shares before a subsequent disposal. The second involved 1,289.9269 RSUs, resulting in 1,289 shares acquired at $0.0, with Palkhiwala's count adjusting to 26,500 shares before another disposal.

The filing notes that the RSUs granted in October 2025 became fully vested because the reporting person attained Normal Retirement Age as defined in the applicable Executive Restricted Stock Unit Agreements. In connection with each vesting event, shares were withheld to satisfy associated tax liability: 3,950 shares were disposed of at $164.79 per share following the first conversion, and 1,289 shares were disposed of at $164.79 per share following the second. Both disposal transactions carried transaction code "F," indicating shares withheld for taxes rather than open-market sales.

After all four reported transactions, Palkhiwala's direct beneficial ownership of common stock stood at 25,211 shares, according to the filing. Two RSU awards remain partially unvested, with 20,594.9145 and 19,304.9876 units outstanding respectively, each carrying a final vesting date of October 31, 2028. The filing states that continued vesting is subject to the recipient's continued employment through each applicable vesting date, with provisions for qualifying retirement as set out in the Executive Restricted Stock Unit Award Agreements.

What Was Disclosed

Akash J. Palkhiwala, EVP, CFO and COO of Qualcomm Inc/DE, reported the October 31, 2026 vesting of RSUs granted in October 2025 and the withholding of shares to cover taxes, leaving him with 25,211 shares of common stock directly held.