MCHP Form 4/A: COO equity awards and 30.0% PSU target
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Microchip Technology (MCHP) filed a Form 4/A reporting equity awards to its Chief Operating Officer. On 10/01/2025, the officer received 4,874 Restricted Stock Units and 4,875 Performance Stock Units at $0 per unit.
The RSUs vest in full on November 15, 2029. The PSUs are tied to Microchip’s cumulative non-GAAP operating margin over 12 quarters ending September 30, 2028, with a 30.0% target, and will vest on November 15, 2029 if service conditions are met. The amendment corrects the performance target to 30.0%.
Following the reported transactions, the officer holds 151,057 shares of common stock indirectly via a trust, and 4,874 RSUs and 4,875 PSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,874 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 4,875 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,874 shares (Direct);
Performance Stock Units — 4,875 shares (Direct);
Common Stock — 151,057 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. The restricted stock units will vest in full on November 15, 2029 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending September 30, 2028. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 30.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs will vest on November 15, 2029 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. This Amended Form 4 is filed to accurately report the non-GAAP operating margin as 30.0%. All subsequent reports filed after this date are deemed to include the modification herein.