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Marvell Technology, Inc. — Director's Dealing 2023
Apr 18, 2023
29937_dirs_2023-04-18_362668a2-4ed6-414a-9468-be201d053e21.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: MURPHY MATTHEW J (Director, CEO and President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-04-15 | Common Stock | M | 14911 | $0.00 | Acquired | 736378 | Indirect |
| 2023-04-15 | Common Stock | F | 6299 | $40.29 | Disposed | 730079 | Indirect |
| 2023-04-15 | Common Stock | M | 7517 | $0.00 | Acquired | 737596 | Indirect |
| 2023-04-15 | Common Stock | F | 3250 | $40.29 | Disposed | 734346 | Indirect |
| 2023-04-15 | Common Stock | M | 6151 | $0.00 | Acquired | 740497 | Indirect |
| 2023-04-15 | Common Stock | F | 2610 | $40.29 | Disposed | 737887 | Indirect |
| 2023-04-15 | Common Stock | M | 437376 | $0.00 | Acquired | 1175263 | Indirect |
| 2023-04-15 | Common Stock | F | 184738 | $40.29 | Disposed | 990525 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-15 | Restricted Stock Units | $ | M | 14911 | Disposed | Common Stock (14911) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 7517 | Disposed | Common Stock (7517) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 6151 | Disposed | Common Stock (6151) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | M | 437376 | Disposed | Common Stock (437376) | Direct | |
| 2023-04-15 | Restricted Stock Units | $ | A | 132459 | Acquired | Common Stock (132459) | Direct |
Footnotes
F1: Shares held by Matthew and Laura Murphy as co-trustees of the Matthew and Laura Murphy Family Trust UTD 7/10/2007.
F2: Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs").
F3: Each RSU represents a contingent right to receive one Marvell common share upon vesting.
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: This award is fully vested. Reflects the number of shares earned in respect of performance based RSUs 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.
F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.