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Marvell Technology, Inc. — Director's Dealing 2023
Apr 19, 2023
29937_dirs_2023-04-18_4c82ae5e-f8a4-4790-b395-5ce0e44a9a51.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: 2023-04-15
Reporting Person: GAYNOR MITCHELL (EVP, Chief Admin Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-04-15 | Common Stock | M | 2817 | $0.00 | Acquired | 111790 | Direct |
| 2023-04-15 | Common Stock | F | 1397 | $40.29 | Disposed | 110393 | Direct |
| 2023-04-15 | Common Stock | M | 1615 | $0.00 | Acquired | 112008 | Direct |
| 2023-04-15 | Common Stock | F | 801 | $40.29 | Disposed | 111207 | Direct |
| 2023-04-15 | Common Stock | M | 1258 | $0.00 | Acquired | 112465 | Direct |
| 2023-04-15 | Common Stock | F | 624 | $40.29 | Disposed | 111841 | Direct |
| 2023-04-15 | Common Stock | M | 67596 | $0.00 | Acquired | 179437 | Direct |
| 2023-04-15 | Common Stock | F | 33515 | $40.29 | Disposed | 145922 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-15 | Restricted Stock Units | $ | M | 67596 | Disposed | Common Stock (67596) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 2817 | Disposed | Common Stock (2817) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 1615 | Disposed | Common Stock (1615) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 1258 | Disposed | Common Stock (1258) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | A | 22568 | Acquired | Common Stock (22568) | 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 restricted stock unit represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3: This grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units granted on 04/15/2020. 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 04/14/2023.
F4: This award fully vested on April 15, 2023.
F5: The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024 and 04/15/2024.
F6: The remaining RSUs will vest on 07/15/2023, 10/15/2023, 01/15/2024, 04/15/2024, 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F7: The RSUs will vest quarterly over three years in equal installments.