Marvell Technology (NASDAQ: MRVL) CEO nets shares after PSU vesting
Rhea-AI Filing Summary
Marvell Technology, Inc. Chairman and CEO Matthew J. Murphy had 117,742 Performance Stock Units vest on May 20, 2026, converting into the same number of common shares. To cover related tax withholding, 61,992 shares were surrendered at $186.80 per share. Following these transactions, he directly held 795,147 shares of common stock. An additional 117,741 shares remain eligible to vest on the 5-year grant anniversary, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 55,750 shares
Net Buy
3 txns
Insider
MURPHY MATTHEW J
Role
Chairman of the Board and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 117,742 | $0.00 | $0.00 |
| Exercise | Common Stock | 117,742 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 61,992 | $186.80 | $11.58M |
Holdings After Transaction:
Performance Stock Units — 423,871 shares (Direct);
Common Stock — 795,147 shares (Direct)
Footnotes (3)
- F1. Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
- F2. Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F3. This performance-based award included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on May 20, 2026. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 117,742 shares vested and 117,741 shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). The performance-based criteria have now been satisfied for all 4 performance-based tranches.
Key Figures
PSUs vested: 117,742 shares
Shares surrendered for taxes: 61,992 shares
Tax withholding price: $186.8000 per share
+2 more
5 metrics
PSUs vested
117,742 shares
Performance Stock Units converted to common stock on May 20, 2026
Shares surrendered for taxes
61,992 shares
Common stock surrendered to satisfy tax withholding on PSU vesting
Tax withholding price
$186.8000 per share
Per-share value for shares surrendered for tax withholding
Common shares held after
795,147 shares
Direct common stock holdings after the reported transactions
Remaining eligible vesting
117,741 shares
Shares eligible to vest on the 5-year anniversary of the grant
Key Terms
Performance Stock Units, total stockholder return, TSR modifier, tax withholding
4 terms
Performance Stock Units financial
"Each Performance Stock Unit represents a contingent right to receive one share"
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.
total stockholder return financial
"included stock price and total stockholder return based performance vesting criteria"
Total stockholder return is the percentage gain or loss an investor would have experienced over a period from both changes in a stock’s price and any cash payouts such as dividends, assuming those payouts are reinvested in the stock. It matters because it shows the complete financial outcome of owning a share — like measuring both a house’s change in sale value and the rent you collected — and lets investors fairly compare performance across companies and time.
TSR modifier financial
"and the application of the second performance based criteria, a TSR modifier to the award"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MRVL CEO Matthew J. Murphy report?
Matthew J. Murphy reported that 117,742 Performance Stock Units vested on May 20, 2026, converting into the same number of common shares. To satisfy tax obligations from this vesting, 61,992 shares were surrendered, while additional shares remain eligible to vest later.
How were taxes handled on the MRVL CEO’s vested PSUs?
Taxes were handled by surrendering 61,992 common shares at $186.80 per share in payment of tax withholding. This was done instead of paying cash, consistent with the footnote describing a surrender of shares for tax obligations on vesting.
What future vesting remains from the MRVL CEO’s performance award?
Following certification of performance conditions, 117,741 shares from the performance award remain eligible to vest on the 5-year anniversary of the original grant date, contingent on Matthew J. Murphy’s continued service to Marvell Technology, Inc.
What performance conditions applied to MRVL’s CEO Performance Stock Units?
The Performance Stock Units included stock price and total stockholder return performance criteria, including a TSR modifier. The performance condition for one tranche was certified on May 20, 2026, satisfying all performance-based criteria for four tranches of the award.