Brown Tudor 4

What Happened

• Tudor Brown, a director of Marvell Technology, had 3,940 restricted stock units (RSUs) vest on June 13, 2026. The RSUs converted into 3,940 shares (reported as derivative conversion, code M).
• To cover tax withholding, 23 of those shares were surrendered (code F) at $279.70 per share, totaling $6,433. Net shares received by Brown = 3,917, worth roughly $1.096M at the $279.70 price used for withholding.
• This was the receipt of an award (vested RSUs), not an open-market purchase or sale of stock.

Key Details

• Transaction date: June 13, 2026. Filing date: June 15, 2026 (timely filing).
• Reported entries: conversion/exercise of derivative (M) — 3,940 shares acquired; surrender for tax withholding (F) — 23 shares disposed at $279.70 for $6,433.
• Net new shares retained: 3,917 (3,940 vested minus 23 withheld).
• Shares owned after the transaction: not specified in this Form 4.
• Footnotes: F1–F3 note these were RSUs that vested in full on June 13, 2026 and 23 shares were surrendered to satisfy tax withholding.

Context

• RSU vesting and share-surrender for taxes are routine compensation events and do not necessarily signal the insider’s view of the company’s prospects. The derivative conversion here reflects RSUs converting into common shares (a non-cash, grant-vesting event), not a market sale.