Matthew J. Murphy

Chairman, President, and CEO at Marvell Technology Inc

Board

Since July 2016

Age

51 years

Education

Holds a Bachelor of Arts from Franklin & Marshall College and is a graduate of the Stanford Executive Program.

Tenure

Joined MRVL as President and CEO in July 2016 and became Chairman in June 2023.

Also at Marvell Technology Inc

Chris Koopmans

Chief Operations Officer (COO)

Mark Casper

EVP and Chief Legal Officer

Raghib Hussain

President, Products and Technologies

About

Matthew J. Murphy is a seasoned executive known for his strong leadership in the semiconductor industry. At 51 years old as of 2024, his personal background is marked by a robust educational foundation that has helped shape his strategic vision.

Over a career spanning decades, he built extensive experience at Maxim Integrated Products, Inc. where he demonstrated consistent growth by holding multiple leadership roles that contributed to significant business expansion.

In July 2016, he joined MRVL as President and CEO, leveraging his longstanding industry expertise to drive transformational change and innovation at the firm. His subsequent promotion to Chairman in June 2023 further underscores his vital role in steering MRVL's growth strategy and operational excellence.

Beyond his executive responsibilities, his career reflects a commitment to innovation and leadership, making him a prominent figure in advancing the company’s market position and technological advancements.

$MRVL Performance Under Matthew J. Murphy

Past Roles

Organization	Role	Date Range	Details
Maxim Integrated Products, Inc.	Executive Vice President, Business Units, Sales and Marketing	2015–2016	Had company-wide profit and loss responsibility, leading product development, sales & field applications, marketing, and central engineering.
Maxim Integrated Products, Inc.	Senior Vice President of the Communications and Automotive Solutions Group	2011–2015	Led the team that developed differentiated solutions for the communications and automotive markets.
Maxim Integrated Products, Inc.	Vice President, Worldwide Sales & Marketing	2006–2011	During this period, Maxim's sales expanded significantly.
Maxim Integrated Products, Inc.	Other Leadership Roles	Pre-2006	Held various roles including business unit management, customer operations, and led communications, data center, and automotive business groups.
eBay Inc.	Board of Directors	Not specified	Served on the board.

External Roles

Organization	Role	Date Range
Cirrus Logic, Inc.	Board of Directors	Present

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,150,000	Annual (FY 2024)	Fixed base compensation
401(k) Plan Matching Contributions	$5,000	Annual (FY 2024)	Matching contribution per plan terms
Life Insurance Premiums	$780	Annual (FY 2024)	Premium cost for life insurance coverage

Performance Compensation

Data from FY 2024

Annual Cash Incentive (AIP)

Metric	Weighting	Target Incentive ($)	Actual Payout ($)	Performance / Threshold	Payout Range / Cap
Revenue	45%	N/A	N/A	Must exceed threshold; if not, no payout	0% to 200%
Non-GAAP Gross Margin	25%	N/A	N/A
Non-GAAP Operating Income Margin	30%	N/A	N/A
Aggregate	N/A	$2,300,000	$2,226,400	96.8% achievement ; below threshold, payout capped at target

Notes: The AIP is a cash-based incentive with no vesting requirements.

Performance-Based Equity Grants

Component	Grant Date	Grant Date Stock Price	Grant Date Fair Value ($)	Target Shares	Maximum Shares	Vesting Schedule	TSR Adjustment
Equity Grants	May 15, 2023	Slightly below $40.00	$21,833,196	784,943 RSUs	1,714,613 RSUs	50% vest on the later of the 3-year anniversary OR the month following the performance achievement; remaining 50% vest on the 5-year anniversary	+20% / No Adjustment / -20%

Special Performance-Based Equity Grant

Component	Grant Date	Grant Date Stock Price	Included Fair Value	Target Shares	Maximum Shares	Vesting Schedule	TSR Adjustment
Special Equity Grant	April 15, 2023	Slightly below $40.00	Part of total value of $21,833,196	784,943 RSUs	Up to 250% of target shares	50% vest at 3 years and 50% vest at 5 years	+20% / 0% / -20%

Severance Agreement Performance-Based Equity Acceleration

Component	Grant Date	Grant Date Stock Price	Grant Date Fair Value ($)	Target Shares	Maximum Shares	Vesting Schedule	Performance Period
Severance Equity Acceleration	April 15, 2023	Slightly below $40.00	$21,833,196	784,943 shares	Up to 250% of target shares (with TSR cap at 200%)	3-year cliff vesting; 50% additional vest after 5 years; accelerated vesting if terminated without cause or resigned for good reason (subject to pro rata acceleration based on days served)	April 15, 2024 – April 5, 2027

This section summarizes all performance-based components for fiscal 2024, including cash incentive and share-based awards. Each component is tied to specific performance metrics, thresholds, and vesting conditions to align with corporate goals and long-term shareholder value.