Marvell Technology (MRVL) CAO surrenders 1,570 shares for tax
Rhea-AI Filing Summary
Marvell Technology, Inc. executive Justin Scarpulla, SVP and Chief Accounting Officer, reported the vesting and settlement of 3,166 Restricted Stock Units into an equal number of shares of common stock on August 15, 2026. In connection with this vesting, 1,570 shares of common stock were surrendered at $222.02 per share to cover tax withholding. Following the transaction, Scarpulla holds 9,496 Restricted Stock Units directly, which are scheduled to vest in installments between November 15, 2026 and August 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,596 shares
Net Buy
3 txns
Insider
Scarpulla Justin
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 3,166 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,166 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,570 | $222.02 | $349K |
Holdings After Transaction:
Restricted Stock Units — 9,496 shares (Direct);
Common Stock — 2,009 shares (Direct)
Footnotes (3)
- F1. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
- F2. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F3. The remaining Restricted Stock Units shall vest on November 15, 2026, February 15, 2027, May 15, 2027, August 15, 2027, November 15, 2027, February 15, 2028, May 15, 2028, August 15, 2028, November 15, 2028, February 15, 2029, May 15, 2029 and August 15, 2029.
Key Figures
RSUs Vested and Converted: 3,166 shares
Shares Withheld for Taxes: 1,570 shares
Tax Withholding Price: $222.02 per share
+3 more
6 metrics
RSUs Vested and Converted
3,166 shares
Restricted Stock Units converted into common stock on August 15, 2026
Shares Withheld for Taxes
1,570 shares
Common stock surrendered for tax withholding on RSU vesting
Tax Withholding Price
$222.02 per share
Price used for shares surrendered to satisfy tax withholding
RSUs Remaining
9,496 units
Restricted Stock Units directly held after the reported transactions
Derivative Exercises
1 transaction; 3,166 shares
Exercise or conversion of derivative security (RSUs) on August 15, 2026
Tax-Liability Disposition
1,570 shares
Shares delivered or withheld for payment of tax liability (code F) on August 15, 2026
Key Terms
Restricted Stock Units, tax withholding, contingent right, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"The remaining Restricted Stock Units shall vest on November 15, 2026"
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.
tax withholding financial
"Surrender of shares in payment of tax withholding due as a result"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Exercise or conversion of derivative security financial
"transaction_code_description":"Exercise or conversion of derivative security"
FAQ
What did MRVL executive Justin Scarpulla report in this Form 4?
Justin Scarpulla reported the vesting and conversion of 3,166 Restricted Stock Units into common stock on August 15, 2026. A portion of the resulting shares was surrendered to satisfy tax withholding obligations tied to this vesting event.
What Marvell (MRVL) equity awards does Justin Scarpulla still hold after this Form 4?
After the reported transactions, Scarpulla holds 9,496 Restricted Stock Units directly. These remaining RSUs are scheduled to vest on multiple dates from November 15, 2026 through August 15, 2029, subject to their vesting conditions.
Were Justin Scarpulla’s MRVL transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, indicating the transactions were not affirmatively reported as made under a Rule 10b5-1 trading plan. The transactions relate to RSU vesting and tax withholding rather than open-market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
