Form 4: Marvell Technology EVP Mark Casper Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark Casper, EVP & Chief Legal Officer of Marvell Technology, filed a Form 4 detailing changes in his beneficial ownership of company stock due to the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 15, 2024, Mark Casper, EVP & Chief Legal Officer of Marvell Technology, reported changes in his beneficial ownership of Marvell Technology stock.
- These changes resulted from the vesting of restricted stock units (RSUs) and the subsequent surrender of shares to cover tax withholding obligations.
- The transactions involved the acquisition of common stock through the vesting of RSUs and the disposal of common stock to satisfy tax liabilities.
- Following these transactions, Casper's direct ownership of Marvell Technology common stock is 23,741 shares.
- He also holds derivative securities in the form of restricted stock units, with varying vesting schedules extending to April 2027.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required information about stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of the reported transactions (vesting of RSUs and tax withholding). |
| 07/16/2024 | Date of 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 | Final vesting date for some of the remaining RSUs. |
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