Microchip (MCHP) insider filing: 849 RSUs awarded to COO
Rhea-AI Filing Summary
Microchip Technology Inc. Chief Operating Officer Richard J. Simoncic reported receipt of 849 restricted stock units (RSUs) on 08/08/2025. Each RSU represents the contingent right to one share of Microchip common stock and the grant lists a $0 price per unit. The RSUs are scheduled to vest in full on August 15, 2026 provided the individual remains a service provider through that date; vested shares will be delivered upon vesting. The filing also discloses that the reporting person beneficially owns 149,493 shares indirectly through a trust. No dispositions or other transactions are reported in this filing.
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Insights
TL;DR: 849 RSUs granted to the COO, each converting to one share on vesting; 149,493 shares held indirectly.
The Form 4 documents an equity award of 849 restricted stock units granted on 08/08/2025 with a vesting condition that converts each RSU into one share on August 15, 2026 if service continues. The grant price is listed as $0 per RSU and vested shares are to be delivered to the reporting person. The filing also reports existing indirect beneficial ownership of 149,493 shares held via a trust. From a compensation-disclosure perspective, this is a straightforward time-based equity award and a statement of current indirect holdings.
TL;DR: Form 4 shows an acquisition of RSUs and an indirect ownership position; no sales or dispositions reported.
The document filed under Section 16 reports an acquisition (A) of 849 restricted stock units on 08/08/2025 and lists indirect beneficial ownership of 149,493 common shares via a trust. The RSUs are described as contingent rights to receive one share each and vest in full on August 15, 2026 subject to continued service. The filing does not list any derivative disposals or other transactions. Impact is routine disclosure of insider compensation and holdings.