Marvell (MRVL) COO equity awards vest; shares withheld for taxes
Rhea-AI Filing Summary
Marvell Technology, Inc. President and COO Chris Koopmans reported routine equity compensation activity concentrated on April 15, 2026. He received a grant of 40,799 restricted stock units under the annual equity grant program, which vest quarterly over three years.
Previously granted restricted stock units and performance stock units vested and were converted into an aggregate of 170,022 shares of Common Stock, which are held indirectly by the Christopher R. Koopmans and Heather J. Koopmans Family Trust. In connection with these vestings, the trust surrendered 84,300 shares at $134.60 per share to cover tax withholding obligations. The filing does not show any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 85,722 shares
Net Buy
13 txns
Insider
Koopmans Chris
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 40,799 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,498 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,788 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,077 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 158,659 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,498 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,231 | $134.60 | $300K |
| Exercise | Common Stock | 2,788 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,383 | $134.60 | $186K |
| Exercise | Common Stock | 4,077 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,022 | $134.60 | $272K |
| Exercise | Common Stock | 158,659 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 78,664 | $134.60 | $10.59M |
Holdings After Transaction:
Restricted Stock Units — 84,565 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 219,592 shares (Indirect, By Trust)
Footnotes (10)
- F1. Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
- F2. Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units.
- F3. Surrender of shares in payment of tax withholding due as a result of the vesting of performance stock units.
- F4. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F5. 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.
- F6. This award fully vested on April 15, 2026.
- F7. The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027 and April 15, 2027.
- F8. The remaining restricted stock units shall vest on July 15, 2026, October 15, 2026, January 15, 2027, April 15, 2027, July 15, 2027, October 15, 2027, January 15, 2028 and April 15, 2028.
- F9. Each performance stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- F10. 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: 40,799 units
Derivative exercises: 170,022 shares
Tax withholding shares: 84,300 shares
+4 more
7 metrics
RSU grant
40,799 units
Annual equity grant to President and COO on April 15, 2026
Derivative exercises
170,022 shares
Shares from vested RSUs and PSUs converted into common stock
Tax withholding shares
84,300 shares
Total shares surrendered to cover tax obligations on April 15, 2026
Tax withholding price
$134.60 per share
Price used for share surrenders to pay tax withholding
Indirect common stock holding
219,592 shares
Common shares held by Family Trust following transactions
RSU exercise blocks
4,498; 2,788; 4,077 shares
Common stock from three RSU vesting and conversion transactions
PSU vesting block
158,659 shares
Common stock earned from fully vested performance stock units
Key Terms
Restricted Stock Units, Performance Stock Units, tax withholding, Family Trust, +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.
Family Trust financial
"Shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust."
annual equity grant program financial
"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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Marvell (MRVL) President and COO Chris Koopmans report in this Form 4?
Chris Koopmans reported routine equity compensation activity, including a grant of 40,799 restricted stock units and the vesting of prior restricted and performance stock units. These awards converted into common shares held by a family trust, with some shares surrendered to cover tax withholding.
How many new restricted stock units did MRVL’s COO receive?
He received 40,799 restricted stock units. These units were granted under Marvell’s annual equity grant program and will vest in equal quarterly installments over a three-year period, giving him a contingent right to receive one share of common stock for each unit upon vesting.
What happened to Chris Koopmans’ performance stock units at Marvell (MRVL)?
Previously granted performance stock units fully vested on April 15, 2026, converting into 158,659 shares of Marvell common stock. The company certified the achievement levels of the performance metrics and resulting shares earned on the same date, and these shares are held by a family trust.