Marvell (MRVL) legal chief receives RSU grant, settles taxes with 41,163 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marvell Technology, Inc. executive Mark Casper reported routine equity compensation activity. On April 15, 2026, he received a grant of 14,280 restricted stock units, each representing a contingent right to one share of Marvell common stock upon vesting. The restricted stock units are scheduled to vest in equal quarterly installments over a three-year period under the company’s annual equity grant program.
On the same date, Casper also exercised previously granted restricted stock units and performance stock units, converting a total of 83,018 derivative units into common shares at a conversion price of $0.00 per unit. To satisfy tax withholding obligations arising from the vesting of these restricted stock and performance stock units, 41,163 common shares were surrendered back to the company at $134.60 per share rather than sold on the open market.
Following these transactions, Casper directly holds 45,878 shares of Marvell common stock. In addition, 10,263 common shares are held indirectly in the Mark J. Casper and Stephanie Casper Revocable Trust, of which he is trustee for the benefit of his immediate family.
Positive
- None.
Negative
- None.
Insider Trade Summary
83,018 shares exercised/converted
Mixed
14 txns
Insider
Casper Mark
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,280 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,208 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,394 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,529 | $0.00 | -- |
| Exercise | Performance Stock Units | 77,887 | $0.00 | -- |
| Exercise | Common Stock | 2,208 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,095 | $134.60 | $147K |
| Exercise | Common Stock | 1,394 | $0.00 | -- |
| Tax Withholding | Common Stock | 692 | $134.60 | $93K |
| Exercise | Common Stock | 1,529 | $0.00 | -- |
| Tax Withholding | Common Stock | 759 | $134.60 | $102K |
| Exercise | Common Stock | 77,887 | $0.00 | -- |
| Tax Withholding | Common Stock | 38,617 | $134.60 | $5.20M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,280 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 6,231 shares (Direct);
Common Stock — 10,263 shares (Indirect, By Trust)
Footnotes (1)
- 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. 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 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, 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: 14,280 units
Derivative units exercised: 83,018 units
Tax withholding shares: 41,163 shares
+3 more
6 metrics
RSU grant
14,280 units
Restricted stock units granted on April 15, 2026
Derivative units exercised
83,018 units
Restricted and performance stock units converted to common stock
Tax withholding shares
41,163 shares
Shares surrendered to cover tax obligations on April 15, 2026
Tax withholding price
$134.60 per share
Value used for share surrender to pay taxes
Direct common holdings
45,878 shares
Marvell common stock held directly after transactions
Indirect trust holdings
10,263 shares
Common stock held in the Mark J. Casper and Stephanie Casper Revocable Trust
Key Terms
Restricted Stock Units, Performance Stock Units, tax withholding, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting."
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 of Marvell Technology, Inc. upon vesting."
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.
tax withholding financial
"Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units."
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
"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.
