Marvell (MRVL) COO Koopmans sees PSU tranche vest, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marvell Technology, Inc. President and COO Chris Koopmans reported compensation-related equity activity tied to performance stock units. A tranche of 18,744 performance stock units vested and was converted into the same number of common shares held indirectly by the Christopher R. and Heather J. Koopmans Family Trust. To cover tax obligations from this vesting, 9,294 common shares were surrendered, a non-market tax-withholding disposition. Following these transactions, the trust holds 256,686 common shares indirectly. The performance-based award used stock price and total stockholder return criteria; with this certification, all four performance tranches have met their performance conditions, and an additional 18,743 units remain eligible to vest on the five-year anniversary of the original grant date, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,744 shares exercised/converted
Mixed
3 txns
Insider
Koopmans Chris
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 18,744 | $0.00 | -- |
| Exercise | Common Stock | 18,744 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,294 | $186.80 | $1.74M |
Holdings After Transaction:
Performance Stock Units — 74,974 shares (Direct, null);
Common Stock — 256,686 shares (Indirect, By Trust)
Footnotes (1)
- Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust. 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, 18,744 shares vested and 18,743 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
Shares vested from PSUs: 18,744 shares
Shares surrendered for taxes: 9,294 shares
Tax withholding price: $186.80 per share
+3 more
6 metrics
Shares vested from PSUs
18,744 shares
Performance stock units converted to common stock
Shares surrendered for taxes
9,294 shares
Tax withholding related to PSU vesting
Tax withholding price
$186.80 per share
Implied value for surrendered common shares
Indirect common shares after transactions
256,686 shares
Held by Christopher R. and Heather J. Koopmans Family Trust
Remaining PSUs eligible to vest
18,743 units
Eligible to vest on 5-year grant anniversary with continued service
Derivative PSUs outstanding
74,974 units
Performance stock units remaining after this vesting event
Key Terms
Performance Stock Units, tax withholding, TSR modifier, performance-based tranches
4 terms
Performance Stock Units financial
"security_title: "Performance Stock Units""
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"
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.
TSR modifier financial
"the application of the second performance based criteria, a TSR modifier to the award"
performance-based tranches financial
"The performance-based criteria have now been satisfied for all 4 performance-based tranches."
FAQ
What insider transaction did Marvell (MRVL) report for Chris Koopmans?
Marvell reported that President and COO Chris Koopmans had 18,744 performance stock units vest into common shares, with 9,294 shares surrendered to cover tax withholding. The resulting common shares are held indirectly through the Christopher R. and Heather J. Koopmans Family Trust.
Were the Marvell (MRVL) insider transactions open-market buys or sells?
The reported Marvell transactions were not open-market trades. They reflect performance stock units vesting into 18,744 common shares and a related tax-withholding disposition of 9,294 shares, surrendered to satisfy tax obligations arising from the equity award vesting event.
What performance conditions affected the Marvell (MRVL) stock unit vesting?
The performance stock units used both stock price and total stockholder return criteria, including a TSR modifier. A performance tranche was certified on May 20, 2026, satisfying the performance metrics for all four tranches in the award according to the disclosed footnote language.
How many Marvell (MRVL) performance stock units remain eligible to vest?
Following this certification, 18,743 performance stock units remain eligible to vest on the five-year anniversary of the original grant date. Vesting of this remaining tranche depends on continued service to Marvell through the specified future vesting date.