Sundar PichaiSundar Pichai earned $164M in 2023

Mark J. Murphy was the Chief Financial Officer at Qorvo, Inc. from May 2019 until April 2022, when he resigned to join Micron Technology as their CFO. His tenure was marked by significant fluctuations in his equity holdings. In the...

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Mark J. Murphy

Ex-CEO of Qorvo

Education

N/A

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

CEO of Qorvo for

2 years 11 months (May 2019 - Apr 2022)

Previous Experience

Chief Financial Officer of Qorvo, Inc.

Holdings

See how much did Mark J. Murphy make over time.

Mark J. Murphy had a fascinating journey with his equity holdings at Qorvo. In 2019, his holdings were blooming, exceeding $16 million. 2020 saw similar trends with peaks around $17 million in January. However, as he prepared to resign in...

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Total Stock Sold

$3.06M

QRVO

$3.06M

24,000 QRVO shares

What if they kept their stock?

If Mark J. Murphy didn't sell their stock, today they would have:
Extra QRVO24,000 shares worth $1.98M.
This is -35.12% and $1.07M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Mark J. Murphy.

MU

60,932 shares

MU

Oct 13, 2023

Received

MU

73,460 shares

MU

Oct 13, 2022

Received

MU

90,061 shares

MU

Apr 18, 2022

Received

QRVO

6,198 shares

QRVO

Aug 9, 2021

Received

QRVO

$502.89K

QRVO at $167.63/share

May 17, 2021

Sale

QRVO

17,584 shares

QRVO

May 11, 2021

Received

QRVO

$534.57K

QRVO at $178.19/share

Feb 16, 2021

Sale

QRVO

$443.52K

QRVO at $147.84/share

Nov 16, 2020

Sale

QRVO

$342.63K

QRVO at $114.21/share

Sep 8, 2020

Sale

QRVO

6,095 shares

QRVO

Aug 5, 2020

Received

Compensation History

See how much did Mark J. Murphy make over time.

In 2022, Mark J. Murphy's total compensation at Qorvo was about $4.07 million while he was CFO. This included his salary of $555,000 and some performance-based pay. He did not receive any bonuses for the year as he resigned before the key performance period was completed. His pay was significantly lower than in previous years, as he earned around $3.32 million in 2021 and over $2.7 million in 2020. The lack of additional stock grants during his last year further reflects the transitional phase of Qorvo as they searched for a new CFO. His compensation illustrates the impact of leadership changes on financial performance and personal earnings, which often dip as leaders transition out of their roles.

Year

2022

Total Compensation

$564.08K

Salary

$555.38K

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with company goals and shareholder interests, with a focus on retaining key executives.

Bonus

$0.00

Board Justification

No bonus was earned for fiscal year 2022 as he resigned before the performance period ended.

Other

$8.70K

Board Justification

This amount represents company matching contributions to the accounts of Mr. Murphy under the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

Mr. Murphy forfeited all unvested equity awards upon his resignation effective April 18, 2022.

Performance Metrics

The performance metrics for the short-term incentive plan were based on revenue and non-GAAP operating income.

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