WALLACE RICHARD P 4
4 · Marvell Technology, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Marvell (MRVL) Director Wallace R. P. Receives RSU Award of 1,034
What Happened
Wallace Richard P., a director of Marvell Technology, received a grant of 1,034 restricted stock units (RSUs) on 2026-06-25. The transaction is reported as an award/acquisition (derivative) at $0.00 per unit — RSUs are contingent rights, not an immediate cash purchase or sale. The filing (accession 0001628280-26-045954) was submitted on 2026-06-29.
Key Details
- Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (appears timely).
- Instrument: 1,034 restricted stock units (derivative award), reported at $0.00.
- Footnote F1: Each RSU converts to one share of Marvell common stock upon vesting.
- Footnote F2: RSUs vest in full on the earlier of Marvell’s next annual meeting of stockholders or the one-year anniversary of the grant date (one-year cliff).
- Shares owned after transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding sale, or option exercise noted in the provided details.
Context
RSU grants to directors are a common form of compensation and do not involve an immediate market purchase or sale; their eventual value depends on Marvell’s share price at the time they vest and are settled. This award should be viewed as compensation-related rather than a direct insider purchase signaling a personal investment decision.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-25+1,034→ 1,034 total→ Common Stock (1,034 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Common Stock of Marvell Technology, Inc. upon vesting.
- [F2]Vests in full on the earlier of Marvell Technology, Inc.'s next annual meeting of stockholders or the one-year anniversary of the restricted stock unit grant date.