Marvell EVP vests RSUs, surrenders shares for taxes
Marvell Technology, Inc. executive Mark Casper, EVP & Chief Legal Officer, reported compensation-related equity activity on July 15, 2026.
Rhea-AI Filing Summary
Marvell Technology, Inc. executive Mark Casper, EVP & Chief Legal Officer, reported compensation-related equity activity on July 15, 2026. Several restricted stock unit (RSU) tranches converted into 1,190, 1,529 and 1,393 shares of common stock, while 627, 806 and 734 shares were surrendered at $206.26 per share to satisfy tax withholding obligations. He holds common stock both directly and 44,907 shares indirectly through a family revocable trust, and continues to hold RSUs, including grants with 13,090, 10,703 and 4,182 units outstanding that are scheduled to vest in installments from October 15, 2026 through April 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,112 shares exercised/converted
Exercise
10 txns
Insider
Casper Mark
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 1,393 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F5 | 1,529 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F6 | 1,190 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,393 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 734 | $206.26 | $151K |
| Exercise | Common Stock | 1,529 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 806 | $206.26 | $166K |
| Exercise | Common Stock | 1,190 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 627 | $206.26 | $129K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 27,975 contracts (Direct);
Common Stock — 2,416 shares (Direct);
Common Stock — 44,907 shares (Indirect, By Trust)
Footnotes (6)
- F1. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
- F2. Held in the Mark J. Casper and Stephanie Casper Revocable Trust, of which the Reporting Person is the trustee, for the benefit of members of his immediate family.
- F3. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F4. The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027 and April 15, 2027.
- F5. The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028.
- F6. The remaining Restricted Stock Units shall vest on October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028, April 15, 2028, July 15, 2028, October 15, 2028, January 15, 2029 and April 15, 2029.
Key Figures
RSU exercises (common shares): 4,112 shares
Tax withholding shares: 2,167 shares
Tax withholding price: $206.26 per share
+3 more
6 metrics
RSU exercises (common shares)
4,112 shares
Total common shares received from M-code RSU conversions
Tax withholding shares
2,167 shares
Total F-code common shares surrendered to cover tax withholding
Tax withholding price
$206.26 per share
Price applied to F-code share surrenders for tax obligations
Indirect trust holdings
44,907 shares
Common stock held via the Mark J. Casper and Stephanie Casper Revocable Trust
Remaining RSUs (largest grant)
13,090 units
Restricted Stock Units remaining after transactions in one grant
RSU vesting period end
April 15, 2029
Latest scheduled vesting date for remaining Restricted Stock Units
Key Terms
Restricted Stock Unit, tax withholding, derivative security, Revocable Trust, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding financial
"Surrender of shares in payment of tax withholding due as a result of the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Revocable Trust financial
"Held in the Mark J. Casper and Stephanie Casper Revocable Trust, of which the Reporting Person is the trustee"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
contingent right financial
"represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did MRVL executive Mark Casper report?
Mark Casper reported RSU vesting that converted into 1,190, 1,529 and 1,393 Marvell shares. Related tax obligations were settled by surrendering 627, 806 and 734 shares at $206.26 per share, with no open-market purchases or sales disclosed.
What RSU activity did Marvell (MRVL) disclose for Mark Casper?
Three RSU tranches vested and converted into 1,190, 1,529 and 1,393 Marvell shares. Remaining RSUs include grants with 13,090, 10,703 and 4,182 units, scheduled to vest on dates ranging from October 15, 2026 through April 15, 2029.
Does this MRVL Form 4 indicate any open-market stock trades by Mark Casper?
The filing shows no P-code purchases or S-code sales, indicating no open-market trades. Reported movements are M-code RSU conversions into common stock and F-code surrenders of shares solely to satisfy tax withholding obligations on those vesting awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
