Microchip SVP reports RSU and PSU vesting
Microchip Technology senior vice president of operations Mathew B. Bunker reported equity award activity tied to vesting restricted stock units (RSUs) and performance stock units (PSUs) on February 15–16, 2026.
Rhea-AI Filing Summary
Microchip Technology senior vice president of operations Mathew B. Bunker reported equity award activity tied to vesting restricted stock units (RSUs) and performance stock units (PSUs) on February 15–16, 2026. RSUs and PSUs converted into shares of common stock as they vested under the company’s 2004 Equity Incentive Plan.
Some of the newly delivered shares were automatically withheld at a price of $78.94 per share to cover tax obligations, recorded as disposition transactions, while the remainder increased his directly held common stock to 24,795 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,259 shares exercised/converted
Exercise
18 txns
Insider
Bunker Mathew B
Role
SENIOR VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 416 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 67 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 81 | $0.00 | $0.00 |
| Exercise | Common Stock | 416 | $78.94 | $33K |
| Exercise Price or Tax Liability | Common Stock | 116 | $78.94 | $9K |
| Exercise | Common Stock | 67 | $78.94 | $5K |
| Exercise Price or Tax Liability | Common Stock | 23 | $78.94 | $2K |
| Exercise | Common Stock | 81 | $78.94 | $6K |
| Exercise Price or Tax Liability | Common Stock | 23 | $78.94 | $2K |
| Exercise | Restricted Stock Units | 870 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,096 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 729 | $0.00 | $0.00 |
| Exercise | Common Stock | 870 | $78.94 | $69K |
| Exercise Price or Tax Liability | Common Stock | 243 | $78.94 | $19K |
| Exercise | Common Stock | 1,096 | $78.94 | $87K |
| Exercise Price or Tax Liability | Common Stock | 364 | $78.94 | $29K |
| Exercise | Common Stock | 729 | $78.94 | $58K |
| Exercise Price or Tax Liability | Common Stock | 217 | $78.94 | $17K |
Holdings After Transaction:
Restricted Stock Units — 1,740 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Common Stock — 24,795 shares (Direct)
Footnotes (5)
- F1. 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.
- 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 December 31, 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 February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- F3. The restricted stock units vested in full on February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- F4. The restricted stock units vested in full on February 16, 2026. Vested shares were delivered to the reporting person upon vest.
- 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 12 quarters ending December 31, 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 February 16, 2026. Vested shares were delivered to the reporting person upon vest.
FAQ
What did Microchip Technology (MCHP) executive Mathew B. Bunker report on this Form 4?
Mathew B. Bunker reported RSU and PSU awards that vested and converted into Microchip common stock. The filing also shows automatic share withholdings to cover taxes, leaving him with 24,795 directly owned common shares after these transactions.
Were the Microchip (MCHP) Form 4 transactions open-market buys or sells?
The transactions were not open-market buys or sells. They reflect exercises and conversions of RSUs and PSUs into common stock, plus tax-withholding dispositions, where shares were withheld at $78.94 per share to satisfy related tax obligations.
How do the performance stock units in this Microchip (MCHP) Form 4 vest?
Each PSU represents a contingent right to shares based on cumulative non-GAAP operating margin over 12 quarters. The number of shares earned depends on achieving a 40.0% margin target, with earned PSUs vesting on February 15, 2026 and February 16, 2026 and delivered upon vesting.
What role does Microchip’s 2004 Equity Incentive Plan play in this Form 4?
The 2004 Equity Incentive Plan is the framework under which RSUs and PSUs were granted. It governs how many shares executives can earn and how vesting works, including performance conditions tied to cumulative non-GAAP operating margin over specified 12-quarter periods.
Why are some Microchip (MCHP) Form 4 transactions coded as “F”?
Transactions coded “F” indicate shares withheld to pay taxes or exercise costs. In this filing, shares of Microchip common stock were withheld at $78.94 per share to satisfy tax liabilities when RSUs and PSUs vested and converted into common stock.
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