AI assistant
Marvell Technology, Inc. — Director's Dealing 2022
Apr 19, 2022
29937_dirs_2022-04-19_89e19641-feb9-42e1-961c-2e0e3ceb249f.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Marvell Technology, Inc. (MRVL)
CIK: 0001835632
Period of Report: 2022-04-15
Reporting Person: Hu Jean X. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-15 | Common Stock | M | 92788 | $0.00 | Acquired | 264392 | Direct |
| 2022-04-15 | Common Stock | F | 42576 | $60.97 | Disposed | 221816 | Direct |
| 2022-04-15 | Common Stock | M | 3867 | $0.00 | Acquired | 225683 | Direct |
| 2022-04-15 | Common Stock | F | 1775 | $60.97 | Disposed | 223908 | Direct |
| 2022-04-15 | Common Stock | M | 3976 | $0.00 | Acquired | 227884 | Direct |
| 2022-04-15 | Common Stock | F | 1745 | $60.97 | Disposed | 226139 | Direct |
| 2022-04-15 | Common Stock | M | 2460 | $0.00 | Acquired | 228599 | Direct |
| 2022-04-15 | Common Stock | F | 996 | $60.97 | Disposed | 227603 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-15 | Restricted Stock Units | $ | M | 3867 | Disposed | Common Stock (3867) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 3976 | Disposed | Common Stock (3976) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 2460 | Disposed | Common Stock (2460) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | M | 92788 | Disposed | Common Stock (92788) | Direct | |
| 2022-04-15 | Restricted Stock Units | $ | A | 31491 | Acquired | Common Stock (31491) | 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 Technology, Inc. common share upon vesting.
F3: The award fully vested on 04/15/2022.
F4: The remaining RSUs will vest on 07/15/2022, 10/15/2022, 01/15/2023 and 04/15/2023.
F5: The remaining RSUs will vest on 07/15/2022, 10/15/2022, 01/15/2023, 04/15/2023, 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6: 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.
F7: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.