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Marvell Technology, Inc. — Director's Dealing 2024
Apr 16, 2024
29937_dirs_2024-04-16_1ef9337e-6ccf-46e8-af2a-6abb8b4db65b.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: 2024-04-15
Reporting Person: Dixon Panteha (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 359 | — | Acquired | 25952 | Direct |
| 2024-04-15 | Common Stock | F | 178 | $67.88 | Disposed | 25774 | Direct |
| 2024-04-15 | Common Stock | M | 412 | — | Acquired | 26186 | Direct |
| 2024-04-15 | Common Stock | F | 205 | $67.88 | Disposed | 25981 | Direct |
| 2024-04-15 | Common Stock | M | 1063 | — | Acquired | 27044 | Direct |
| 2024-04-15 | Common Stock | F | 528 | $67.88 | Disposed | 26516 | Direct |
| 2024-04-15 | Common Stock | M | 716 | — | Acquired | 27232 | Direct |
| 2024-04-15 | Common Stock | F | 355 | $67.88 | Disposed | 26877 | Direct |
| 2024-04-15 | Common Stock | M | 1957 | — | Acquired | 28834 | Direct |
| 2024-04-15 | Common Stock | F | 971 | $67.88 | Disposed | 27863 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Units | $ | M | 359 | Disposed | Common Stock (359) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 412 | Disposed | Common Stock (412) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 1063 | Disposed | Common Stock (1063) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 716 | Disposed | Common Stock (716) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | M | 1957 | Disposed | Common Stock (1957) | Direct | |
| 2024-04-15 | Restricted Stock Units | $ | A | 6690 | Acquired | Common Shares (6690) | 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 RSU represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
F3: This award fully vested on April 15, 2024.
F4: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025 and 04/15/2025.
F5: The remaining RSUs will vest on 07/15/2024, 10/15/2024, 01/15/2025, 04/15/2025, 07/15/2025, 10/15/2025, and 01/15/2026.
F6: The remaining RSUs will vest on 04/15/2024, 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.
F7: The grant is fully vested. Reflects the number of shares earned in respect of performance based restricted stock units 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 that were certified on 04/15/2024.
F8: The RSUs will vest in equal quarterly installments over three years, and were granted as part of the annual grant process.