Hussain Muhammad Raghib 4
4 · Marvell Technology, Inc. · Filed Jan 27, 2025
Insider Transaction Report
Form 4
Hussain Muhammad Raghib
President, Products & Tech
Transactions
- Award
Restricted Stock Units
2025-01-24+74,975→ 224,925 total→ Common Stock (74,975 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one Marvell Technology, Inc. common share upon vesting.
- [F2]This performance-based RSU included stock price and total stockholder return based performance vesting criteria. The performance condition for a tranche was certified on January 24, 2025. As a result of satisfaction of a stock price-based performance metric and the application of the second performance based criteria, a TSR modifier to the award, 74,975 shares are now solely subject to a service-based vesting condition pursuant to which 50% of the shares will be eligible to vest on the 3-year anniversary of the original grant date and 50% of the shares will be eligible to vest on the 5-year anniversary of the original grant date (subject to continued service to the company on the vesting dates). As of January 24, 2025 performance-based criteria have now been satisfied for 3 of the 4 performance-based tranches.