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Matthew J. Murphy

Chairman, President, and CEO at Marvell Technology
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

CK
Chris Koopmans
Chief Operations Officer (COO)
MC
Mark Casper
EVP and Chief Legal Officer
RH
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

OrganizationRoleDate RangeDetails
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

OrganizationRoleDate Range
Cirrus Logic, Inc. Board of Directors Present

Fixed Compensation

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

Performance Compensation

Data from  FY 2024

Annual Cash Incentive (AIP)

MetricWeightingTarget Incentive ($)Actual Payout ($)Performance / ThresholdPayout Range / Cap
Revenue 45%N/AN/AMust exceed threshold; if not, no payout 0% to 200%
Non-GAAP Gross Margin 25%N/AN/A
Non-GAAP Operating Income Margin 30%N/AN/A
AggregateN/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

ComponentGrant DateGrant Date Stock PriceGrant Date Fair Value ($)Target SharesMaximum SharesVesting ScheduleTSR 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

ComponentGrant DateGrant Date Stock PriceIncluded Fair ValueTarget SharesMaximum SharesVesting ScheduleTSR 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

ComponentGrant DateGrant Date Stock PriceGrant Date Fair Value ($)Target SharesMaximum SharesVesting SchedulePerformance 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.