Microchip CFO Buys 79 Shares Under ESPP; Now Owns 30,089 Indirectly
Rhea-AI Filing Summary
Form 4 filing for Microchip Technology Inc. (MCHP) reports that James Eric Bjornholt, Senior Vice President and Chief Financial Officer, acquired 79 shares of Microchip common stock on 09/02/2025 at a price of $49.2575 per share under the company's 2001 Employee Stock Purchase Plan. After the transaction, Mr. Bjornholt beneficially owns 30,089 shares indirectly through a trust. The acquisition was made in an exempt transaction pursuant to Rule 16(b)-3(d) and was paid for by contributions during the six-month purchase period ending August 31, 2025. The Form 4 was signed via attorney-in-fact.
Positive
- None.
Negative
- None.
Insights
TL;DR: A routine, small insider purchase under the ESPP; not materially impactful to shareholders.
The filing documents an insider acquisition of 79 shares at $49.2575 under the company ESPP, resulting in 30,089 shares held indirectly in a trust. The size of the purchase is de minimis relative to company market capitalization and does not change control or materially affect ownership percentages. The use of Rule 16(b)-3(d) indicates a standard exempt ESPP purchase structure. This disclosure meets Section 16 reporting requirements and signals routine participation in an employee plan rather than a material insider accumulation.
TL;DR: Disclosure is compliant and routine; no governance concerns identified from the transaction detail.
The report identifies the reporting person as Senior VP and CFO and shows shares held indirectly by trust post-transaction. The purchase was made through the 2001 Employee Stock Purchase Plan and disclosed as an exempt transaction under Rule 16(b)-3(d). There are no indications of unusual timing, derivative activity, or disposition; signature via attorney-in-fact is noted. From a governance perspective, this is standard insider participation in an employee plan with no material implications for board oversight or shareholder rights.