HOCK E. TAN - 31 Oct 2022 Form 4 Insider Report for Broadcom Inc. (AVGO)

Role
President and CEO, Director
Signature
/s/ Noelle Matteson, Attorney-in-Fact for Hock E. Tan
Issuer symbol
AVGO
Transactions as of
31 Oct 2022
Net transactions value
$0
Form type
4
Filing time
02 Nov 2022, 20:11:20 UTC
Previous filing
12 Nov 2021
Next filing
15 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVGO Common Stock, $0.001 par value Gift $0 -48,000 -14% $0.000000 286,677 04 Jan 2022 Direct F1
transaction AVGO Common Stock, $0.001 par value Gift $0 -20,000 -7% $0.000000 266,677 23 Mar 2022 Direct F1
transaction AVGO Common Stock, $0.001 par value Gift $0 -16,000 -6% $0.000000 250,677 25 Mar 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVGO Stock Price Performance Stock Unit Award $0 +1,000,000 $0.000000 1,000,000 31 Oct 2022 Common Stock, $0.001 par value 1,000,000 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Charitable gift.
F2 Stock price performance stock unit award (the "PSU") granted pursuant to the Broadcom Inc. 2012 Stock Incentive Plan. Subject to the terms and conditions of the PSU agreement, the PSU vests on October 31, 2027. The number of shares that may be earned is based on achieving pre-set price hurdles (the "Price Contingency"). No portion of the PSU will be earned unless the consecutive 20-trading days closing price average of the Issuer's common stock meets or exceeds the Price Contingency during the period beginning after the third anniversary of the grant date and concluding on the fifth anniversary of the grant date.
F3 If the Price Contingency is not met on or prior to the fifth anniversary of the grant date or such earlier date as provided in the PSU agreement, all PSUs will immediately be forfeited.