Form 4: Marvell Technology EVP Chris Koopmans Reports Stock Transactions
SEC Form 4
Chris Koopmans, EVP and Chief Operations Officer of Marvell Technology, reported multiple transactions involving common stock and restricted stock units on July 15, 2024.
Summary
- On July 15, 2024, Chris Koopmans, EVP and Chief Operations Officer of Marvell Technology, reported several transactions.
- These transactions included the sale of 5,000 shares of common stock at a price of $73.88.
- Koopmans also acquired shares through the vesting of restricted stock units (RSUs).
- The transactions were executed under a 10b5-1 plan established on July 14, 2023.
- The reported transactions changed the amount of shares held by the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
- Tax obligations resulting from the vesting of RSUs were settled through the surrender of shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is typical for executives to have pre-arranged trading plans like the 10b5-1 plan mentioned.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| 07/14/2023 | Date of the 10b5-1 Plan |
| 07/15/2024 | Date of the reported transactions |
| 07/16/2024 | Date of signature for the Form 4 filing |
| 10/15/2024 | Next vesting date for some of the remaining RSUs |
| 01/15/2025 | Vesting date for some of the remaining RSUs |
| 04/15/2025 | Vesting date for some of the remaining RSUs |
| 07/15/2025 | Vesting date for some of the remaining RSUs |
| 10/15/2025 | Vesting date for some of the remaining RSUs |
| 01/15/2026 | Vesting date for some of the remaining RSUs |
| 04/15/2026 | Vesting date for some of the remaining RSUs |
| 07/15/2026 | Vesting date for some of the remaining RSUs |
| 10/15/2026 | Vesting date for some of the remaining RSUs |
| 01/15/2027 | Vesting date for some of the remaining RSUs |
| 04/15/2027 | Vesting date for some of the remaining RSUs |
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