Marvell Technology management check
MRVL · Information Technology · Semiconductors · CEO Matthew J Murphy
Filings as of
5 good · 1 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $156, against $293 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.88 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.9% of net income$25.1m of reported pay in fiscal 2026, against $2.7bn of net income.
- Good
Do they own the stock?
CEO stake ≈ 7.5 years of payThe CEO holds 781,586 shares, directly or through trusts (unvested awards not counted): about 7.5 years of pay. Light activity: no buys, $28.3m sold in six months. 16 of 18 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.5% a year over the last three fiscal years. Stock-based pay was 7.2% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Mr. Murphy. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 33 | |
| Pay for performance | 94 | 87 | |
| CEO cost | 52 | 35 | |
| Skin in the game | 79 | 47 | |
| Dilution | 44 | 56 | |
| Stable leadership | 90 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Semiconductors, by management score. Marvell Technology is 29th of 73 in its sector.
- 20NVDANvidia86
- 101ONON Semiconductor76
- 112AVGOBroadcom75
- 117MUMicron Technology75
- 132FSLRFirst Solar73
- 235MRVLMarvell Technology66
- 236QCOMQualcomm65
- 314ADIAnalog Devices60
- 319MPWRMonolithic Power Systems60
- 373TXNTexas Instruments56
Pay versus performance
From the proxy statement filed May 13, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mr. Murphy | $25.1m | −$69.7m | $24.9m | $156 | $293 | $2.7bn |
| 2025 | — | $32.2m | $144.4m | $8.6m | $481 | $299 | −$885.0m |
| 2024 | — | $45.2m | $119.7m | $8.5m | $287 | $256 | −$933.4m |
| 2023 | — | $22.4m | −$7.8m | $10.1m | $187 | $172 | −$163.5m |
| 2022 | — | $15.5m | $57.3m | $5.9m | $279 | $190 | −$421.0m |
The board says pay is tied most to Marvell TSR Relative to S&P 500 TSR. Its other key measures: Relative Total Shareholder Return (TSR), Revenue, Earnings per Share (EPS), Non-GAAP Gross Margin, Non-GAAP Operating Income Margin.
Insiders and the CEO's stake
Matthew J Murphy (Chairman of the Board and CEO) held 781,586 shares directly after their latest Form 4 on Oct 15, 2026, roughly $188.5m at that filing's price.
Light activity: no buys, $28.3m sold in six months. 16 of 18 sales ran on pre-arranged 10b5-1 plans.
- SoldChris KoopmansPresident and COO · 10b5-1 plan$13.0mOct 1, 2026
- SoldMatthew J MurphyChairman of the Board and CEO · 10b5-1 plan$10.4mOct 15, 2026
- SoldSandeep BharathiPresident, Data Center Group · 10b5-1 plan$3.3mOct 16, 2026
- SoldWillem A MeintjesChief Financial Officer · 10b5-1 plan$701kMay 15, 2026
Leadership and governance on file
- Jun 11, 2026Leadership change8-K 5.02
- Jul 23, 2025Leadership change8-K 5.02
- Jul 17, 2025Leadership change8-K 5.02
- Jun 20, 2025Leadership change8-K 5.02
- Apr 14, 2025Leadership change8-K 5.02
- Sep 19, 2024Leadership change8-K/A 5.02
- Apr 29, 2024Leadership change8-K 5.02
- Jan 11, 2023Leadership change8-K 5.02
- Aug 22, 2022Leadership change8-K 5.02
- Apr 20, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 25, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.0bn returned to owners in buybacks and dividends, 1514% of net income, and $2.8bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.5bn | $5.9bn | $5.5bn | $5.8bn | $8.2bn |
| Net income | −$421.0m | −$163.5m | −$933.4m | −$885.0m | $2.7bn |
| Stock-based pay | $460.7m | $552.4m | $609.8m | $597.4m | $590.8m |
| Buybacks | $0 | $115.0m | $150.0m | $725.0m | $2.0bn |
| Dividends | $191.0m | $204.4m | $206.8m | $207.5m | $205.1m |
| Diluted shares | 797m | 851m | 861m | 866m | 870m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.