Form 4: Marvell Technology Executive Muhammad Raghib Hussain Reports Stock Transactions

Muhammad Raghib Hussain, President of Products & Tech at Marvell Technology, reports acquisition and disposal of common stock and restricted stock units on July 15, 2024.

Summary

• On July 15, 2024, Muhammad Raghib Hussain, President, Products & Tech at Marvell Technology, reported transactions involving Marvell Technology's common stock and Restricted Stock Units (RSUs).
• Hussain acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations.
• Specifically, Hussain acquired 3,171, 5,314, and 3,252 shares of common stock through RSU vesting.
• Simultaneously, Hussain disposed of 1,573, 2,635, and 1,613 shares of common stock to satisfy tax withholding requirements at a price of $73.6 per share.
• Following these transactions, Hussain directly owns 844,487 shares of common stock and indirectly owns 88,081 shares through family trusts.
• Hussain also holds 35,773 RSUs that will vest in tranches until April 15, 2027.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

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 receive stock-based compensation and to sell shares to cover tax obligations.

Comparison to Industry Standards

• Form 4 filings are standard practice across publicly traded companies, including Marvell's competitors such as Broadcom (AVGO), Qualcomm (QCOM), and NVIDIA (NVDA).
• The vesting schedules and tax-related sales are typical components of executive compensation packages in the semiconductor industry.
• The size of the transactions is proportional to the executive's role and equity holdings within the company, which is consistent with industry norms.

Key Dates