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Microchip (NASDAQ: MCHP) CEO granted 3,446 RSUs vesting in 2028

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sanghi Steve reported acquisition or exercise transactions in this Form 4 filing.

Microchip Technology Inc. reported that President, CEO and Chair of the Board Steve Sanghi received a grant of 3,446 restricted stock units. Each unit represents a contingent right to receive one share of Microchip common stock. The units will vest in full on May 15, 2028, provided he remains a service provider through that date, and vested shares will be delivered upon vesting.

Following this award, Sanghi holds 3,446 restricted stock units directly and 9,385,834 shares of common stock indirectly, with 3,479,962 shares held by The Sanghi Trust and 5,905,872 shares held by The Sanghi Family Limited Partnership.

Positive

  • None.

Negative

  • None.
Insider Sanghi Steve
Role President, CEO and Chair of Bd
Type Security Shares Price Value
Grant/Award Restricted Stock Units 3,446 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 3,446 shares (Direct, null); Common Stock — 9,385,834 shares (Indirect, Shares held Indirectly, by Trust and by Family Limited Partnership.)
Footnotes (1)
  1. Of the 9,385,834 shares held, 3,479,962 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. 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 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.
RSUs granted 3,446 units Restricted stock unit grant to CEO Steve Sanghi
RSU vesting date May 15, 2028 Full vesting conditional on continued service
Indirect shares held 9,385,834 shares Microchip common stock held indirectly by Sanghi
Shares in The Sanghi Trust 3,479,962 shares Portion of indirect Microchip holdings
Shares in Family Limited Partnership 5,905,872 shares Portion of indirect Microchip holdings
RSUs outstanding after grant 3,446 units Total restricted stock units held directly
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of Microchip Technology Incorporated common stock"
Family Limited Partnership financial
"5,905,872 shares were held by The Sanghi Family Limited Partnership"
service provider financial
"will vest in full on May 15, 2028 as long as the individual remains a service provider"
vest financial
"Vested shares will be delivered to the reporting person upon vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sanghi Steve
(Last)(First)(Middle)
C/O MICROCHIP TECHNOLOGY INCORPORATED
2355 WEST CHANDLER BOULEVARD
(Street)
CHANDLER ARIZONA 85224-6199
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MICROCHIP TECHNOLOGY INC [ MCHP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President, CEO and Chair of Bd
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock9,385,834I(1)Shares held Indirectly, by Trust and by Family Limited Partnership.(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/08/2026A3,446 (3) (3)Common Stock3,446$03,446D
Explanation of Responses:
1. Of the 9,385,834 shares held, 3,479,962 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
2. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
3. 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.
Remarks:
Deborah L. Wussler, as Attorney-in-Fact05/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Microchip (MCHP) report for CEO Steve Sanghi?

Microchip reported that CEO Steve Sanghi received a grant of 3,446 restricted stock units. Each unit represents a contingent right to one share of common stock, forming part of his equity-based compensation rather than an open-market purchase or sale.

When do Steve Sanghi’s 3,446 Microchip (MCHP) RSUs vest?

The 3,446 restricted stock units granted to Steve Sanghi vest in full on May 15, 2028. Vesting requires that he remain a service provider through that date, with the corresponding common shares delivered to him when the units vest.

How many Microchip (MCHP) shares does Steve Sanghi hold indirectly?

Steve Sanghi is reported as indirectly holding 9,385,834 Microchip common shares. Of these, 3,479,962 shares are held by The Sanghi Trust and 5,905,872 shares are held by The Sanghi Family Limited Partnership, reflecting substantial ownership through affiliated entities.

Are Steve Sanghi’s new Microchip (MCHP) RSUs an open-market purchase?

The 3,446 restricted stock units granted to Steve Sanghi are a compensation award, not an open-market purchase. They carry a zero-dollar grant price and convert into common shares only upon vesting on May 15, 2028, assuming continued service.

What does each Microchip (MCHP) restricted stock unit granted to Steve Sanghi represent?

Each restricted stock unit granted to Steve Sanghi represents a contingent right to receive one share of Microchip common stock. The right becomes actual shares only when the units vest, provided he continues as a service provider through the vesting date.