Form 4: Marvell Technology Executive Chris Koopmans Reports Stock Transactions
SEC Form 4 Filing
Marvell Technology's EVP, Chief Operations Officer, Chris Koopmans, reported the acquisition and disposal of company stock and restricted stock units on January 15, 2025.
Summary
- Chris Koopmans, EVP and Chief Operations Officer at Marvell Technology, reported several transactions involving Marvell common stock and restricted stock units (RSUs) on January 15, 2025.
- These transactions included the acquisition of common stock through the vesting of RSUs and the disposal of shares to cover tax obligations.
- The transactions were conducted both directly and indirectly through the Christopher R. Koopmans and Heather J. Koopmans Family Trust.
- A total of 10,838 common shares were acquired through RSU vesting, while 5,452 shares were disposed of to cover tax liabilities at a price of $116 per share.
- Following these transactions, Mr. Koopmans beneficially owns 99,931 shares of common stock indirectly through the family trust and 25,088 directly held RSUs.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself. It's a neutral event.
Industry Context
This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive stock transactions are a common practice across the technology industry, with companies like Broadcom (AVGO), Qualcomm (QCOM), and Nvidia (NVDA) also reporting similar filings.
- The vesting schedules and tax withholding practices observed in this filing are consistent with standard industry practices for RSU grants.
- The reported share price of $116 is a snapshot of the market value at the time of the transaction and is not directly comparable to other companies without considering the specific market conditions and company performance at the time.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they are part of routine executive compensation practices.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/17/2024 | Date of signature by Attorney-in-Fact for Christopher Koopmans. |
| 01/15/2025 | Date of stock and RSU transactions. |
| 04/15/2025 | Date of next RSU vesting for some of the reported RSUs. |
| 07/15/2025 | Date of next RSU vesting for some of the reported RSUs. |
| 10/15/2025 | Date of next RSU vesting for some of the reported RSUs. |
| 01/15/2026 | Date of next RSU vesting for some of the reported RSUs. |
| 04/15/2026 | Date of next RSU vesting for some of the reported RSUs. |
| 07/15/2026 | Date of next RSU vesting for some of the reported RSUs. |
| 10/15/2026 | Date of next RSU vesting for some of the reported RSUs. |
| 01/15/2027 | Date of next RSU vesting for some of the reported RSUs. |
| 04/15/2027 | Date of next RSU vesting for some of the reported RSUs. |
Keywords
Marvell Technology, MRVL, Chris Koopmans, stock transactions, restricted stock units, RSU, insider trading, executive compensation
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