Form 4: Marvell Technology Executive Reports Changes in Beneficial Ownership
SEC Form 4
Panteha Dixon, Chief Accounting Officer of Marvell Technology, reports transactions involving common stock and restricted stock units.
Summary
- On April 15, 2024, Panteha Dixon, the Chief Accounting Officer of Marvell Technology, engaged in multiple transactions involving common stock and restricted stock units (RSUs).
- These transactions included the vesting of RSUs, the surrender of shares to cover tax withholding, and the acquisition of shares upon RSU vesting.
- Dixon acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations.
- Following these transactions, Dixon directly owns 27,863 shares of Marvell Technology common stock and 6,690 restricted stock units.
- The RSUs vest at various dates in the future.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
Future vesting dates for the remaining restricted stock units are specified, indicating continued equity-based compensation for the reporting person.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies like Marvell Technology.
Stakeholder Impact
- The transactions reported may have a minor impact on the overall shareholding structure of Marvell Technology.
Key Dates
| Date | Description |
|---|---|
| 04/15/2021 | Date of grant for performance based restricted stock units. |
| 04/15/2024 | Date of transactions involving common stock and restricted stock units. |
| 04/15/2024 | Date that the award achievement levels of the relative TSR performance metrics were certified. |
| 04/15/2024 | Date that the award fully vested. |
| 04/16/2024 | Date of signature by Attorney-In-Fact. |
| 07/15/2024 | Future vesting date for some RSUs. |
| 10/15/2024 | Future vesting date for some RSUs. |
| 01/15/2025 | Future vesting date for some RSUs. |
| 04/15/2025 | Future vesting date for some RSUs. |
| 07/15/2025 | Future vesting date for some RSUs. |
| 10/15/2025 | Future vesting date for some RSUs. |
| 01/15/2026 | Future vesting date for some RSUs. |
| 04/15/2026 | Future vesting date for some RSUs. |
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