Microchip (MCHP) insider vests 28,853 RSUs, withholds 11,931 shares
Rhea-AI Filing Summary
For MICROCHIP TECHNOLOGY INC (MCHP), reporting person Steve Sanghi reported the vesting and conversion of 28,853 Restricted Stock Units into an equal number of shares of common stock on August 15, 2026 at an exercise price of $80.26 per share. These shares were acquired as indirectly held through a trust and a family limited partnership. On the same date, 11,931 indirectly held common shares at $80.26 per share were delivered or withheld for payment of exercise price or tax liability. A related footnote states that the RSU grant will vest in four quarterly installments through February 15, 2027, subject to continued service, and clarifies that this amended Form 4 corrects the vesting date disclosure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 16,922 shares
Net Buy
3 txns
Insider
Sanghi Steve
Role
President, CEO and Chair of Bd
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 28,853 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 28,853 | $80.26 | $2.32M |
| Exercise Price or Tax Liability | Common Stock F2 | 11,931 | $80.26 | $958K |
Holdings After Transaction:
Restricted Stock Units — 57,708 shares (Direct);
Common Stock — 9,435,057 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (4)
- F1. Of the 9,446,988 shares held, 3,541,116 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
- F2. Of the 9,435,057 shares held, 3,529,185 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
- F3. The restricted stock units will vest in two equal quarterly installments of 28,853 shares on May 15, 2026 and August 15, 2026, and two equal quarterly installments of 28,854 shares on November 15, 2026 and February 15, 2027, as long as the individual remains a service provider through the vesting date(s). Vested shares were delivered to the Reporting Person upon vest.
- F4. This Amended Form 4 is filed to accurately report the vesting date in Footnote #3. All subsequent reports filed after this date are deemed to include the modification herein.
Key Figures
RSUs converted: 28,853 shares
Exercise price: $80.26 per share
Common shares delivered/withheld: 11,931 shares
+4 more
7 metrics
RSUs converted
28,853 shares
Restricted Stock Units converted into common stock on August 15, 2026
Exercise price
$80.26 per share
Price associated with RSU conversion and related common stock entries
Common shares delivered/withheld
11,931 shares
Shares delivered or withheld for payment of exercise price or tax liability
Indirect holdings (acquisition footnote)
9,446,988 shares
Shares held indirectly: 3,541,116 by The Sanghi Trust and 5,905,872 by The Sanghi Family Limited Partnership
Indirect holdings (disposition footnote)
9,435,057 shares
Shares held indirectly after disposition entry: 3,529,185 by The Sanghi Trust and 5,905,872 by The Sanghi Family Limited Partnership
RSU vesting installments
28,853; 28,853; 28,854; 28,854 shares
Quarterly vesting amounts on May 15, 2026; August 15, 2026; November 15, 2026; and February 15, 2027
RSU derivative holdings after transaction
57,708 units
Restricted Stock Units remaining after the reported derivative transaction
Key Terms
Restricted Stock Units, Family Limited Partnership, vesting date, exercise price or tax liability
4 terms
Restricted Stock Units financial
"The restricted stock units will vest in two equal quarterly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Family Limited Partnership financial
"shares were held by The Sanghi Family Limited Partnership"
vesting date financial
"will vest in two equal quarterly installments of 28,853 shares"
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider transactions did Steve Sanghi report for MCHP on August 15, 2026?
Steve Sanghi reported the conversion of 28,853 Restricted Stock Units into 28,853 common shares at an exercise price of $80.26 per share, and the delivery or withholding of 11,931 common shares at $80.26 per share to pay exercise price or tax liability.
What RSU vesting schedule did MCHP disclose for Steve Sanghi in this Form 4/A?
The RSUs vest in four quarterly installments: 28,853 shares on May 15, 2026 and August 15, 2026, and 28,854 shares on November 15, 2026 and February 15, 2027, provided Sanghi remains a service provider through each vesting date.
What change does this amended Form 4/A for MCHP make compared with the prior report?
A footnote explains that this amended Form 4 is filed to accurately report the vesting date described in a prior footnote. All subsequent reports filed after that date are deemed to include this corrected vesting-date information.
Were Steve Sanghi’s MCHP transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
