Form 4: Marvell Technology Director Ford Tamer Reports Stock Transactions
SEC Form 4
Director Ford Tamer reports the acquisition and disposal of Marvell Technology stock and restricted stock units on June 16, 2024.
Summary
- Ford Tamer, a director at Marvell Technology, reported transactions involving the company's stock on June 16, 2024.
- These transactions included the acquisition of 4,570 shares of common stock at $0 and the disposal of 4,570 shares of common stock.
- Following these transactions, Tamer directly owns 44,973 shares and indirectly owns 443,193 shares through a trust.
- Tamer also reported the vesting of 4,570 restricted stock units (RSUs), each representing a contingent right to receive one Marvell common share.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions without indicating a positive or negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, helping investors understand management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2004 | Date of the Fouad and Roula Tamer Revocable Trust |
| 06/16/2024 | Date of the reported transactions (stock acquisition, disposal, and RSU vesting) |
| 06/17/2024 | Date of signature by Attorney-in-Fact |
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