AI assistant
Marvell Technology, Inc. — Director's Dealing 2024
Apr 17, 2024
29937_dirs_2024-04-16_531effe8-0b0b-424b-9358-9ff86efa1b34.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: 2024-04-15
Reporting Person: MURPHY MATTHEW J (Director, Chair of Board, President, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 7517 | — | Acquired | 740446 | Indirect |
| 2024-04-15 | Common Stock | F | 3327 | $67.88 | Disposed | 737119 | Indirect |
| 2024-04-15 | Common Stock | M | 6150 | — | Acquired | 743269 | Indirect |
| 2024-04-15 | Common Stock | F | 2721 | $67.88 | Disposed | 740548 | Indirect |
| 2024-04-15 | Common Stock | M | 11039 | — | Acquired | 751587 | Indirect |
| 2024-04-15 | Common Stock | F | 5042 | $67.88 | Disposed | 746545 | Indirect |
| 2024-04-15 | Common Shares | S | 30000 | $68.82 | Disposed | 716545 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Units | $ | M | 7517 | Disposed | Common Stock (7517) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 6150 | Disposed | Common Stock (6150) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 11039 | Disposed | Common Stock (11039) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | J | 143421 | Acquired | Common Stock (143421) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | A | 83624 | Acquired | Common Stock (83624) | 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: Sales were made pursuant to a 10b5-1 Plan dated September 15, 2022 and modified on March 21, 2023.
F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.73 to $71.64, inclusive. The reporting person undertakes to provide Marvell Technology, Inc. ("Marvell"), any security holder of Marvell, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5: Each RSU represents a contingent right to receive one Marvell common share upon vesting.
F6: This award fully vested on April 15, 2024.
F7: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F8: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, 01/15/2026, and 04/15/2026.
F9: This grant fully vested on 04/15/2024, but settlement of this grant has been deferred by the recipient. Reflects the number of shares earned in respect of performance based RSUs granted on 04/15/2021. 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 04/15/2024.
F10: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process