[Form 4] Marvell Technology, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ashland Inc. (NYSE: ASH) filed a Form 8-K to disclose the permanent appointment of William Whitaker as Senior Vice President, Chief Financial Officer and Principal Financial Officer, effective 18 July 2025.

Whitaker had served as interim CFO since 6 May 2025. His finalized compensation package comprises: (i) $414,600 annual base salary; (ii) target annual cash incentive equal to 65 % of salary; (iii) long-term incentive opportunity up to 265 % of salary; and (iv) an initial equity award valued at $1.1 million, split 40 % into Restricted Stock Units and 60 % into Performance Share Units. RSUs vest in three equal annual installments beginning 20 Nov 2026, while PSUs cliff-vest on 20 Nov 2029, all under the company’s 2021 Omnibus Plan.

No additional financial metrics, earnings data, or strategic transactions were reported in this current report.

Positive

• Permanently appointing the CFO removes interim uncertainty, supporting organizational stability.
• Equity-heavy compensation (60 % PSUs) aligns executive incentives with long-term shareholder value.

Negative

• Increased executive compensation introduces additional fixed and equity dilution costs without disclosed offsetting savings or performance targets.

Insights

Corporate Governance Analyst

TL;DR: Routine CFO confirmation; improves leadership continuity, negligible immediate financial effect.

The Board’s move converts an interim appointment into a permanent role, removing succession uncertainty. Compensation levels align with typical mid-cap chemical peers: base pay <$0.5 m, total target direct comp <4× salary. Equity mix (40 % RSU / 60 % PSU) emphasizes performance alignment, with multi-year vesting that supports retention. No guidance or capital-allocation changes were announced, so the filing is governance-oriented rather than financially material. Overall impact on valuation is neutral; however, continuity may be viewed modestly positive by creditors and rating agencies.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Casper Mark

(Last) (First) (Middle)

5488 MARVELL LANE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Marvell Technology, Inc. [ MRVL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/18/2025		S		3,000	D	$72.35(1)	17,163	I	By Trust(2)
Common Stock								4,314	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.26 to $72.45, 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.

2. 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.

Remarks:

	Mark Casper by Blair Walters as Attorney-in-Fact	07/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Ashland (ASH) file this Form 8-K?

To announce the permanent appointment of William Whitaker as CFO and outline his compensation.

When does William Whitaker’s permanent CFO role become effective?

The appointment is effective July 18, 2025.

What is Whitaker’s annual base salary as CFO?

He will receive a base salary of $414,600.

What percentage of salary is Whitaker’s target annual cash incentive?

The target annual incentive equals 65 % of base salary.

How large is the initial equity grant and how is it structured?

The grant is valued at $1.1 million, split 40 % RSUs and 60 % PSUs.

When do the RSUs and PSUs granted to Whitaker vest?

RSUs vest in three equal tranches starting 20 Nov 2026; PSUs cliff-vest on 20 Nov 2029.