v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Feb. 01, 2025
USD ($)
Feb. 03, 2024
USD ($)
Jan. 28, 2023
USD ($)
Jan. 29, 2022
USD ($)
Jan. 30, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company, illustrating pay versus performance, or PVP.
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Value of Initial Fixed $100
Investment Based On:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
Fiscal Year
​ ​
Summary
Compensation
Table Total
for PEO
​ ​
Compensation
Actually Paid
to PEO
​ ​
Average
Summary
Compensation
Table Total for
non-PEO NEOs
​ ​
Average
Compensation
Actually Paid
to non-PEO NEOs
​ ​
Total
Shareholder
Return
​ ​
Peer Group
Total
Shareholder
Return
​ ​
Net
Income
($M)
​ ​
Marvell
TSR
Relative
to S&P
500 TSR
​
​
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
​ 2025 ​ ​ ​ $ 32,160,142 ​ ​ ​ ​ $ 144,383,348 ​ ​ ​ ​ $ 8,635,432 ​ ​ ​ ​ $ 35,103,944 ​ ​ ​ ​ $ 480.7 ​ ​ ​ ​ $ 299.0 ​ ​ ​ ​ $ (885.0) ​ ​ ​ ​ ​ 44.1 ​ ​
​ 2024 ​ ​ ​ $ 45,163,040 ​ ​ ​ ​ $ 119,693,800 ​ ​ ​ ​ $ 8,524,389 ​ ​ ​ ​ $ 22,930,328 ​ ​ ​ ​ $ 286.8 ​ ​ ​ ​ $ 256.1 ​ ​ ​ ​ $ (933.4) ​ ​ ​ ​ ​ 29.5% ​ ​
​ 2023 ​ ​ ​ $ 22,442,578 ​ ​ ​ ​ $ (7,825,315) ​ ​ ​ ​ $ 10,060,637 ​ ​ ​ ​ $ 1,326,725 ​ ​ ​ ​ $ 187.0 ​ ​ ​ ​ $ 171.7 ​ ​ ​ ​ $ (163.5) ​ ​ ​ ​ ​ -26.3% ​ ​
​ 2022 ​ ​ ​ $ 15,510,223 ​ ​ ​ ​ $ 57,345,982 ​ ​ ​ ​ $ 5,938,147 ​ ​ ​ ​ $ 16,708,351 ​ ​ ​ ​ $ 278.9 ​ ​ ​ ​ $ 189.8 ​ ​ ​ ​ $ (421.0) ​ ​ ​ ​ ​ 8.4% ​ ​
​ 2021 ​ ​ ​ $ 14,615,795 ​ ​ ​ ​ $ 88,303,946 ​ ​ ​ ​ $ 4,064,191 ​ ​ ​ ​ $ 23,663,552 ​ ​ ​ ​ $ 215.5 ​ ​ ​ ​ $ 164.0 ​ ​ ​ ​ $ (277.3) ​ ​ ​ ​ ​ 98.3% ​ ​
In the above table, Mr. Murphy is the PEO for fiscal years 2021-2025. The non-PEO named executive officers reflect the following individuals in each year:
2025:
Raghib Hussain, Willem Meintjes, Chris Koopmans, and Mark Casper.
​
2024:
Raghib Hussain, Willem Meintjes, Chris Koopmans, Sandeep Bharathi, and Mark Casper.
​
2023:
Raghib Hussain, Willem Meintjes and Jean Hu (each serving as CFO for part of the fiscal year), Chris Koopmans and Dan Christman.
​
2022:
Raghib Hussain, Jean Hu, Mitchell Gaynor, and Dan Christman.
​
2021:
Raghib Hussain, Jean Hu, Mitchell Gaynor, and Dan Christman.
​
​ ​ ​ ​
FY 2025
​
​ Adjustments to Reported Summary Compensation Table Total for CEO and Non-CEO Named
Executive Officers 		​ ​
CEO
​ ​
Non-CEO
Named
Executive
Officers
(Average)
​
​ Summary Compensation Table Total ​ ​ ​ $ 32,160,142 ​ ​ ​ ​ $ 8,635,432 ​ ​
​
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ (27,863,106) ​ ​ ​ ​ $ (7,140,976) ​ ​
​
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ 51,796,903 ​ ​ ​ ​ $ 12,835,400 ​ ​
​
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
​ ​ ​ $ 87,287,864 ​ ​ ​ ​ $ 19,895,930 ​ ​
​
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During
Fiscal Year
​ ​ ​ $ 1,874,657 ​ ​ ​ ​ $ 671,719 ​ ​
​
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal
Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
​ ​ ​ $ (873,113) ​ ​ ​ ​ $ 206,438 ​ ​
​
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 144,383,348 ​ ​ ​ ​ $ 35,103,944 ​ ​
Given a significant amount of the values for Compensation Actually Paid to our PEO and the other NEOs are based on our stock price as of a particular date in time, and specifically under the SEC rules, required to be the last day of the listed fiscal year, it is important to note that the values could have been dramatically different if other dates were chosen. Accordingly, the values in the columns for Compensation Actually Paid to our PEO and the other NEOs could have been significantly less if other dates were chosen or if our stock price happened to be lower on the last day of the listed fiscal year.
       
Company Selected Measure Name Marvell TSR Relative to S&P 500 TSR        
Named Executive Officers, Footnote
In the above table, Mr. Murphy is the PEO for fiscal years 2021-2025. The non-PEO named executive officers reflect the following individuals in each year:
2025:
Raghib Hussain, Willem Meintjes, Chris Koopmans, and Mark Casper.
​
2024:
Raghib Hussain, Willem Meintjes, Chris Koopmans, Sandeep Bharathi, and Mark Casper.
​
2023:
Raghib Hussain, Willem Meintjes and Jean Hu (each serving as CFO for part of the fiscal year), Chris Koopmans and Dan Christman.
2022:
Raghib Hussain, Jean Hu, Mitchell Gaynor, and Dan Christman.
​
2021:
Raghib Hussain, Jean Hu, Mitchell Gaynor, and Dan Christman.
       
PEO Total Compensation Amount $ 32,160,142 $ 45,163,040 $ 22,442,578 $ 15,510,223 $ 14,615,795
PEO Actually Paid Compensation Amount $ 144,383,348 119,693,800 (7,825,315) 57,345,982 88,303,946
Adjustment To PEO Compensation, Footnote
​ ​ ​ ​
FY 2025
​
​ Adjustments to Reported Summary Compensation Table Total for CEO and Non-CEO Named
Executive Officers 		​ ​
CEO
​ ​
Non-CEO
Named
Executive
Officers
(Average)
​
​ Summary Compensation Table Total ​ ​ ​ $ 32,160,142 ​ ​ ​ ​ $ 8,635,432 ​ ​
​
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ (27,863,106) ​ ​ ​ ​ $ (7,140,976) ​ ​
​
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ 51,796,903 ​ ​ ​ ​ $ 12,835,400 ​ ​
​
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
​ ​ ​ $ 87,287,864 ​ ​ ​ ​ $ 19,895,930 ​ ​
​
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During
Fiscal Year
​ ​ ​ $ 1,874,657 ​ ​ ​ ​ $ 671,719 ​ ​
​
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal
Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
​ ​ ​ $ (873,113) ​ ​ ​ ​ $ 206,438 ​ ​
​
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 144,383,348 ​ ​ ​ ​ $ 35,103,944 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 8,635,432 8,524,389 10,060,637 5,938,147 4,064,191
Non-PEO NEO Average Compensation Actually Paid Amount $ 35,103,944 22,930,328 1,326,725 16,708,351 23,663,552
Adjustment to Non-PEO NEO Compensation Footnote
​ ​ ​ ​
FY 2025
​
​ Adjustments to Reported Summary Compensation Table Total for CEO and Non-CEO Named
Executive Officers 		​ ​
CEO
​ ​
Non-CEO
Named
Executive
Officers
(Average)
​
​ Summary Compensation Table Total ​ ​ ​ $ 32,160,142 ​ ​ ​ ​ $ 8,635,432 ​ ​
​
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ (27,863,106) ​ ​ ​ ​ $ (7,140,976) ​ ​
​
+ Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
​ ​ ​ $ 51,796,903 ​ ​ ​ ​ $ 12,835,400 ​ ​
​
+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
​ ​ ​ $ 87,287,864 ​ ​ ​ ​ $ 19,895,930 ​ ​
​
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During
Fiscal Year
​ ​ ​ $ 1,874,657 ​ ​ ​ ​ $ 671,719 ​ ​
​
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal
Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year
​ ​ ​ $ (873,113) ​ ​ ​ ​ $ 206,438 ​ ​
​
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year
​ ​ ​ $ 0 ​ ​ ​ ​ $ 0 ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 144,383,348 ​ ​ ​ ​ $ 35,103,944 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_relativetsr-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table
The following table lists the financial performance measures that we believe represent the most important financial performance measures we used to link compensation actually paid to our named executive officers to our performance:
​ ​
Most Important Performance Measures
​ ​
​ ​
Relative Total Shareholder Return (TSR)
​ ​
​ ​
Revenue
​ ​
​ ​
Earnings per Share (EPS)
​ ​
​ ​
Non-GAAP Gross Margin
​ ​
​ ​
Non-GAAP Operating Income Margin
​ ​
       
Total Shareholder Return Amount $ 480.7 286.8 187 278.9 215.5
Peer Group Total Shareholder Return Amount 299 256.1 171.7 189.8 164
Net Income (Loss) $ (885,000,000) $ (933,400,000) $ (163,500,000) $ (421,000,000) $ (277,300,000)
Company Selected Measure Amount 44.1 29.5 (26.3) 8.4 98.3
PEO Name Mr. Murphy        
Measure:: 1          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return (TSR)        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Earnings per Share (EPS)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Non-GAAP Gross Margin        
Measure:: 5          
Pay vs Performance Disclosure          
Name Non-GAAP Operating Income Margin        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (27,863,106)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 51,796,903        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 87,287,864        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,874,657        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (873,113)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,140,976)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,835,400        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 19,895,930        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 671,719        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 206,438        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0