Marvell Technology (MRVL) insider logs 30,534 PSU vesting and share surrender
Rhea-AI Filing Summary
Marvell Technology, Inc. executive Mark Casper, EVP & Chief Legal Officer, reported the vesting of 30,534 Performance Stock Units into an equal number of common shares on 12/15/2025. These units were granted on December 15, 2022, and the performance results determining the payout were certified on December 11, 2025.
To satisfy tax withholding from this vesting, 15,139 shares of common stock were surrendered at a price of $84.26. After these transactions, Casper directly beneficially owns 24,418 shares of Marvell common stock and indirectly owns 17,163 shares through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 30,534 | $0.00 | -- |
| Exercise | Common Stock | 30,534 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,139 | $84.26 | $1.28M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Surrender of shares in payment of tax withholding due as a result of the vesting of Performance Stock Units. 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. 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 at cliff vesting with respect to the performance award granted on December 15, 2022. The achievement levels of the performance metrics applicable to the award and the number of shares earned based on such results were certified on December 11, 2025.
FAQ
What insider transaction did Marvell Technology (MRVL) report for Mark Casper?
Marvell Technology reported that Mark Casper, its EVP & Chief Legal Officer, had 30,534 Performance Stock Units vest on 12/15/2025, converting into an equal number of common shares.
What do the Performance Stock Units in the Marvell Technology Form 4 represent?
Each Performance Stock Unit represents a contingent right to receive one share of Marvell Technology common stock upon vesting, as described in the filing.
When was the Marvell Technology performance award granted and when were results certified?
The performance award related to these PSUs was granted on December 15, 2022, and the achievement levels and resulting shares earned were certified on December 11, 2025.
How many Performance Stock Units does Mark Casper hold after this Marvell Technology transaction?
After the reported transaction in Table II, the number of Performance Stock Units beneficially owned is shown as 0, as 30,534 units were converted into common stock.