[Form 4/A] Microchip Technology Inc Amended Insider Trading Activity
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
SIMONCIC RICHARD J
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 3,483 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,482 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 99 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 934 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 933 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 4,417 shares (Direct);
Restricted Stock Units — 4,514 shares (Direct);
Common Stock — 131,735 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (8)
- F1. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F2. 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 March 31, 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 42.0% 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 May 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.
- F3. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F4. The restricted stock units will vest in full on May 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.
- F5. The restricted stock units will vest in full on February 16, 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.
- F6. 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.
- F7. 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 March 31, 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 42.0% 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 May 17, 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.
- F8. The restricted stock units will vest in full on May 17, 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.
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