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MAXLINEAR, INC·4

Feb 23, 6:53 PM ET

Kwong Connie H. 4

Research Summary

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MaxLinear (MXL) Controller Connie Kwong Receives 25,152-Share Award

What Happened

  • Connie H. Kwong, Corporate Controller & Principal Accounting Officer of MaxLinear (MXL), received performance-based equity awards totaling 25,152 shares in February 2026. The filing shows 9,231 shares and 1,702 shares issued on Feb 20, 2026 (reported at $0.00 per share as awards) and 14,219 restricted stock units (RSUs) reported on Feb 18, 2026 (derivative award). The filing does not list a cash purchase price — awards are listed at $0.00 per share and their value is determined using the company’s closing stock price (per footnote).

Key Details

  • Transactions reported:
    • 2026-02-20: 9,231 shares issued (Award) — $0.00 per share (Footnote F1)
    • 2026-02-20: 1,702 shares issued (Award) — $0.00 per share (Footnote F2)
    • 2026-02-18: 14,219 RSUs granted (Derivative) — $0.00 per unit (Footnotes F3, F4)
  • Total shares/units: 25,152
  • Shares owned after transaction: not specified in the filing.
  • Plans and conditions:
    • Awards issued under the Amended and Restated 2010 Equity Incentive Plan and the Executive Incentive Bonus Plan (F1, F2).
    • RSUs = contingent right to one share each; vesting schedule: 1/3 on May 20, 2027, then annually so fully vested May 20, 2029, subject to continued service (F3, F4).
  • Filing timeliness: Form 4 filed 2026-02-23 reporting transactions on Feb 18 and Feb 20. Required reporting is normally within two business days, so the filing was submitted after those dates (check for potential late reporting).

Context

  • These were awards/grants (not open-market purchases or sales). Awards reported at $0.00 are standard for equity grants; the economic value depends on MaxLinear’s market price (footnote indicates award amounts were determined using the Feb 20, 2026 closing price).
  • RSUs are contingent — they do not represent immediately transferable shares until they vest.
  • For retail investors: award grants are routine compensation for executives and do not by themselves signal buying or selling intent; purchases are generally more informative about personal conviction.