[Form 4/A] Microchip Technology Inc Amended Insider Trading Activity
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bunker Mathew B
Role
SENIOR VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 1,936 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 379 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,935 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 378 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 221 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 2,315 shares (Direct);
Restricted Stock Units — 2,534 shares (Direct);
Common Stock — 20,646 shares (Indirect, Shares held Directly and Indirectly, by Daughter)
Footnotes (9)
- F1. Of the 20,646 shares held, 20,571 are held directly, and 75 shares are held by the Reporting Person's daughter.
- F2. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F3. 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, 2027. 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 40.0% 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, 2028 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.
- F4. This Form 4 is being amended to correctly reflect the performance period for this PSU grant as 8 quarters. All subsequent Reports filed after this date are deemed to include the modification herein.
- F5. 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 8 quarters ending September 30, 2026. 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 40.0% over the 8 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, 2027 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.
- F6. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F7. The restricted stock units will vest in full on November 15, 2028 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F8. The restricted stock units will vest in full on November 15, 2027 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F9. The restricted stock units will vest in full on August 15, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
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