Marvell (MRVL) SVP Justin Scarpulla Receives RSUs, Surrenders 1,570 Shares

What Happened

• Justin Scarpulla, SVP and Chief Accounting Officer of Marvell Technology (MRVL), had 3,166 restricted stock units (RSUs) vest on Aug 15, 2026. The RSUs converted into 3,166 shares (reported as derivative conversion at $0.00). To satisfy tax withholding, 1,570 of those shares were surrendered (disposed) at an implied value of $222.02 per share, totaling $348,571. Net shares retained from this vesting event: 1,596.

Key Details

• Transaction date: August 15, 2026 (filed Aug 17, 2026).
• Vesting/conversion: 3,166 RSUs converted to 3,166 shares (reported at $0.00 acquisition price).
• Tax withholding: 1,570 shares surrendered at $222.02 per share = $348,571 (code F).
• Net shares retained from the vesting: 1,596 (3,166 − 1,570).
• Footnotes: F1 = surrender for tax withholding; F2 = each RSU = right to one share upon vesting; F3 = remaining RSUs vest on scheduled future dates (through Aug 15, 2029).
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing reports an Aug 15 transaction and was filed Aug 17; no late filing indicated.

Context

• This was an award vesting event with shares surrendered to cover tax withholding—a routine, non-market-sale action (cashless tax withholding). The filing does not indicate an open-market sale or a purchase that would signal a directional bet by the insider. Remaining RSUs will vest per the schedule listed in the footnote.