MCHP insider updates holdings after RSU and PSU vesting
Rhea-AI Filing Summary
Microchip Technology Incorporated (MCHP) senior vice president of operations reported multiple equity award vesting events and related share withholding transactions. On November 15, 2025, restricted stock units and performance stock units converted into common stock in several tranches, including 870, 840, and 1,465 shares at an exercise price of $51.7 per share, with portions of 243, 234, and 409 shares withheld, coded as dispositions for tax purposes. Additional performance stock units and restricted stock units covering 238 and 452 shares vested on November 17, 2025, with 67 and 126 shares withheld. After these transactions, the officer directly owned 32,522 shares of Microchip common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 238 | $0.00 | -- |
| Exercise | Restricted Stock Units | 452 | $0.00 | -- |
| Exercise | Common Stock | 238 | $51.70 | $12K |
| Tax Withholding | Common Stock | 67 | $51.70 | $3K |
| Exercise | Common Stock | 452 | $51.70 | $23K |
| Tax Withholding | Common Stock | 126 | $51.70 | $7K |
| Exercise | Restricted Stock Units | 870 | $0.00 | -- |
| Exercise | Restricted Stock Units | 840 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,465 | $0.00 | -- |
| Exercise | Common Stock | 870 | $51.70 | $45K |
| Tax Withholding | Common Stock | 243 | $51.70 | $13K |
| Exercise | Common Stock | 840 | $51.70 | $43K |
| Tax Withholding | Common Stock | 234 | $51.70 | $12K |
| Exercise | Common Stock | 1,465 | $51.70 | $76K |
| Tax Withholding | Common Stock | 409 | $51.70 | $21K |
Footnotes (1)
- The restricted stock units vest in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest. The restricted stock units vested in full on November 15, 2025. Vested shares were delivered to the reporting person upon vest. 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, 2024. 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 vested on November 15, 2025. Vested shares were delivered to the reporting person upon vest. 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, 2025. 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 vested on November 17, 2025. Vested shares were delivered to the reporting person upon vest. The restricted stock units vested in full on November 17, 2025. Vested shares were delivered to the reporting person upon vest.
FAQ
What did the Microchip Technology (MCHP) Form 4 report for this officer?
The Form 4 reports that a senior vice president of operations had multiple restricted stock units and performance stock units vest and convert into Microchip common stock, with some shares withheld to cover obligations.
What types of equity awards are involved in this Microchip (MCHP) Form 4?
The filing includes restricted stock units (RSUs) and performance stock units (PSUs) that convert into shares of Microchip common stock upon vesting.
On what dates did the Microchip (MCHP) equity awards vest?
The reported RSUs and PSUs vested on November 15, 2025 and November 17, 2025, with shares delivered to the officer upon vesting.
What do the transaction codes M and F mean in the Microchip (MCHP) Form 4?
Code M indicates the exercise or conversion of derivative securities such as RSUs or PSUs into common stock. Code F reflects shares disposed of, typically withheld to satisfy obligations associated with the award.
How are Microchip (MCHP) performance stock units determined according to this filing?
Each PSU represents a contingent right to receive Microchip common stock based on cumulative non-GAAP operating margin over a 12-quarter period, with the target number of shares tied to a 40.0% margin.
What exercise price is associated with the derivative securities in this Microchip (MCHP) Form 4?
The derivative securities, including RSUs and PSUs, are shown with a conversion or exercise price of $51.7 per share, and the related common stock entries use the same price.