Marvell (MRVL) CEO exercises performance stock units and settles taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marvell Technology Chairman and CEO Matthew J. Murphy exercised performance-based equity and settled related taxes using shares. On May 20, 2026, he acquired 117,742 shares of Common Stock through the vesting and conversion of Performance Stock Units, then 61,992 shares were surrendered to cover tax withholding, a non‑market disposition.
Following these transactions, Murphy directly holds 857,139 shares of Common Stock and 423,871 Performance Stock Units. Footnotes explain this award had stock price and total stockholder return performance criteria; a tranche’s performance condition was certified on May 20, 2026, causing 117,742 shares to vest while 117,741 additional shares remain eligible to vest on the 5‑year anniversary of the original grant date, subject to continued service. All performance-based criteria for the four tranches have now been satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
117,742 shares exercised/converted
Mixed
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 | -- |
| Exercise | Common Stock | 117,742 | $0.00 | -- |
| Tax Withholding | Common Stock | 61,992 | $186.80 | $11.58M |
Holdings After Transaction:
Performance Stock Units — 423,871 shares (Direct, null);
Common Stock — 857,139 shares (Direct, null)
Footnotes (1)
- Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units. Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting. 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 exercised into Common Stock: 117,742 shares
Shares surrendered for tax withholding: 61,992 shares at $186.80
Common Stock held after transactions: 857,139 shares
+3 more
6 metrics
PSUs exercised into Common Stock
117,742 shares
Vested and converted on May 20, 2026
Shares surrendered for tax withholding
61,992 shares at $186.80
Payment of tax withholding on May 20, 2026
Common Stock held after transactions
857,139 shares
Direct ownership following May 20, 2026 transactions
Performance Stock Units held after transactions
423,871 units
Remaining PSUs after May 20, 2026 vesting
Future-eligible PSUs from this award
117,741 shares
Eligible to vest on 5-year anniversary of original grant
Tax-withholding transaction value marker
$186.80 per share
Price used for 61,992-share tax withholding disposition
Key Terms
Performance Stock Units, tax withholding, total stockholder return, TSR modifier
4 terms
Performance Stock Units financial
"Shares were vested and converted from Performance Stock Units on May 20, 2026."
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
"Shares were surrendered in payment of tax withholding due upon 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.
total stockholder return financial
"This performance-based award 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
"A TSR modifier to the award affected how many shares vested and remain eligible."
FAQ
What insider transactions did Marvell (MRVL) CEO Matthew Murphy report?
Matthew J. Murphy reported the vesting and exercise of 117,742 Performance Stock Units into Common Stock and the surrender of 61,992 shares to cover tax withholding obligations related to that vesting event.
What Performance Stock Unit award vested for Marvell (MRVL) CEO Matthew Murphy?
A performance-based award tied to stock price and total stockholder return vested a tranche of 117,742 shares. The performance criteria for all four tranches are now satisfied, and 117,741 additional shares remain eligible to vest on the 5-year anniversary of the original grant date.