Earnings Feed
Start Free
Marvell Technology, Inc.·4

Jun 15, 4:15 PM ET

WALLACE RICHARD P 4

Research Summary

AI-generated summary

Updated

Marvell (MRVL) Director Richard P. Wallace Receives 3,940 Shares

What Happened
Richard P. Wallace, a director of Marvell Technology, reported the vesting/conversion of 3,940 restricted stock units (RSUs) on June 13, 2026. The Form 4 shows an acquisition of 3,940 shares at $0.00 (conversion of the derivative) and a corresponding disposition of 3,940 derivative units at $0.00. There was no cash purchase or sale reported.

Key Details

  • Transaction date: June 13, 2026; Form 4 filed June 15, 2026 (within the two-business-day filing window).
  • Reported amounts: 3,940 shares acquired at $0.00; 3,940 derivative instruments disposed at $0.00.
  • Shares owned after transaction: not specified in the filing.
  • Footnotes: F2 explains each RSU equals one share upon vesting; F3 confirms the RSU vested in full on June 13, 2026; F1 notes shares are held in the Wallace Family Trust.
  • Transaction code M = exercise or conversion of a derivative instrument.

Context
This was an RSU vesting/conversion event (award becoming common shares), not a market sale or open‑market purchase. No proceeds were reported and there’s no indication shares were sold immediately. Vesting of RSUs is typically a routine compensation event and does not by itself signal a buy/sell decision by the insider.