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Marvell Technology, Inc. — Director's Dealing 2022
Apr 20, 2022
29937_dirs_2022-04-19_8dceb24d-9d11-4b79-9c0d-391dd11e61b0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2022-04-15
Reporting Person: Meintjes Willem A (SVP, Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-15 | Common Stock | M | 1134 | $0.00 | Acquired | 63431 | Direct |
| 2022-04-15 | Common Stock | F | 344 | $60.97 | Disposed | 63087 | Direct |
| 2022-04-15 | Common Stock | M | 27204 | $0.00 | Acquired | 90291 | Direct |
| 2022-04-15 | Common Stock | F | 12134 | $60.97 | Disposed | 78157 | Direct |
| 2022-04-15 | Common Stock | M | 1160 | $0.00 | Acquired | 79317 | Direct |
| 2022-04-15 | Common Stock | F | 327 | $60.97 | Disposed | 78990 | Direct |
| 2022-04-15 | Common Stock | M | 538 | $0.00 | Acquired | 79528 | Direct |
| 2022-04-15 | Common Stock | F | 132 | $60.97 | Disposed | 79396 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-15 | Restricted Stock Units | $ | M | 1134 | Disposed | Common Stock (1134) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 27204 | Disposed | Common Stock (27204) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 1160 | Disposed | Common Stock (1160) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 538 | Disposed | Common Stock (538) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | A | 9185 | Acquired | Common Stock (9185) | Direct |
Footnotes
F1: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F2: Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F3: This award fully vested on April 15, 2022.
F4: This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2019. The achievement levels of the relative TSR performance metrics applicable to the award and the number of shares earned based on such results were certified on 04/15/2022.
F5: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023 and 04/15/2023.
F6: The remaining RSUs will vest on 07/15/2022, 10/15/22, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F7: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.