Marvell (MRVL) CFO sells 30,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marvell Technology Chief Financial Officer Willem A. Meintjes reported a mix of equity awards vesting, tax withholding, and a planned share sale. He received a grant of 32,639 restricted stock units that vest in equal quarterly installments over three years under the annual equity program.
On the same date, previously granted restricted stock units and 121,158 performance stock units vested and were converted into common stock, with the performance award’s results certified on April 15, 2026. To cover related tax obligations, a total of 54,406 shares were surrendered at prices tied to about $134.60 per share.
Meintjes also sold 30,000 shares of common stock at a weighted average price of $134.01 per share in multiple open-market transactions made under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2026. After all transactions, he directly owns 230,675 shares of Marvell common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($4,020,300)
Net Sell
14 txns
Insider
Meintjes Willem A
Role
Chief Financial Officer
Sold
30,000 shs ($4.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,639 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,435 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,555 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,822 | $0.00 | -- |
| Exercise | Performance Stock Units | 121,158 | $0.00 | -- |
| Sale | Common Stock | 30,000 | $134.01 | $4.02M |
| Exercise | Common Stock | 3,435 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,427 | $134.60 | $192K |
| Exercise | Common Stock | 2,555 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,060 | $134.60 | $143K |
| Exercise | Common Stock | 3,822 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,592 | $134.60 | $214K |
| Exercise | Common Stock | 121,158 | $0.00 | -- |
| Tax Withholding | Common Stock | 50,327 | $134.60 | $6.77M |
Holdings After Transaction:
Restricted Stock Units — 32,639 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 154,111 shares (Direct)
Footnotes (1)
- Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 9, 2026. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.52 to $135.68, 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. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units. Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. The restricted stock units shall vest in equal quarterly installments over a three-year period and were granted pursuant to the annual equity grant program. This award fully vested on April 15, 2026. The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027. The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028. Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. Reflects the number of shares earned with respect to performance stock units that fully vested on April 15, 2026. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on April 15, 2026.
Key Figures
RSU grant: 32,639 units
Performance stock units vested: 121,158 units
Open-market sale: 30,000 shares at $134.01
+3 more
6 metrics
RSU grant
32,639 units
New restricted stock units granted to CFO on April 15, 2026
Performance stock units vested
121,158 units
PSUs earned and converted to common stock on April 15, 2026
Open-market sale
30,000 shares at $134.01
Common stock sold under Rule 10b5-1 trading plan
Tax withholding shares
54,406 shares at $134.60
Shares surrendered to cover tax obligations on vesting awards
Post-transaction holdings
230,675 shares
CFO’s direct Marvell common stock position after all transactions
Derivative exercises
130,970 units
Total derivative shares exercised or converted (RSUs and PSUs)
Key Terms
Restricted Stock Units, Performance Stock Units, 10b5-1 Plan, weighted average price, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each performance stock unit represents a contingent right to receive one share of Common Stock"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
10b5-1 Plan financial
"Sales were made pursuant to a 10b5-1 Plan adopted by the Reporting Person on January 9, 2026"
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What did Marvell (MRVL) CFO Willem Meintjes report in this Form 4?
Marvell CFO Willem Meintjes reported new equity awards vesting, related tax-share surrenders, and an open-market share sale. The filing details RSU and performance stock unit activity plus a planned Rule 10b5-1 sale, along with his updated direct ownership position in Marvell common stock.
What new stock awards did the Marvell (MRVL) CFO receive in this filing?
The CFO received a grant of 32,639 restricted stock units, each representing one potential Marvell common share upon vesting. These restricted stock units are scheduled to vest in equal quarterly installments over three years under Marvell’s annual equity grant program, providing ongoing equity-based compensation.
How many Marvell (MRVL) performance stock units vested for the CFO?
A total of 121,158 performance stock units vested and were earned by the CFO, each converting into one share of Marvell common stock. The company certified the achievement levels of the performance metrics and resulting shares earned on April 15, 2026, as described in the filing’s footnotes.