Form 4: Marvell Technology Director Tudor Brown Reports Stock Transactions
SEC Form 4 Filing
Director Tudor Brown reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to beneficial ownership of Marvell Technology stock.
Summary
- On June 16, 2024, Tudor Brown, a director of Marvell Technology, Inc., had restricted stock units (RSUs) vest, converting into 4,570 shares of common stock.
- Following the vesting, shares were surrendered to cover tax withholding obligations.
- The price per share for the tax withholding was $73.27.
- After these transactions, Brown directly owns 39,022 shares of Marvell Technology common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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