Form 4: Marvell Technology Executive Reports Stock Transactions
SEC Form 4
Panteha Dixon, Chief Accounting Officer of Marvell Technology, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- Panteha Dixon, the Chief Accounting Officer of Marvell Technology, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- The transactions occurred on October 15, 2024.
- Dixon acquired shares through the vesting of restricted stock units (RSUs) and simultaneously sold a portion of the acquired shares to cover tax withholding obligations.
- The price per share for the sales was $79.41.
- The transactions involved multiple tranches of RSUs vesting, with varying vesting schedules extending into 2027.
- After the reported transactions, Dixon directly owns 31,229 shares of Marvell Technology common stock.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of earliest transaction: vesting of restricted stock units and sale of shares for tax obligations. |
| 01/15/2025 | Future vesting date for remaining restricted stock units. |
| 04/15/2025 | Future vesting date for remaining restricted stock units. |
| 07/15/2025 | Future vesting date for remaining restricted stock units. |
| 10/15/2025 | Future vesting date for remaining restricted stock units. |
| 01/15/2026 | Future vesting date for remaining restricted stock units. |
| 04/15/2026 | Future vesting date for remaining restricted stock units. |
| 07/15/2026 | Future vesting date for remaining restricted stock units. |
| 10/15/2026 | Future vesting date for remaining restricted stock units. |
| 01/15/2027 | Future vesting date for remaining restricted stock units. |
| 04/15/2027 | Future vesting date for remaining restricted stock units. |
| 10/17/2024 | Date of signature on the Form 4 filing. |
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