Microchip (MCHP) Form 4: 638 RSUs Awarded to CFO, 34,313 Shares Held Indirectly
Rhea-AI Filing Summary
In a Form 4 filing, Microchip Technology insider James Eric Bjornholt, Senior VP and CFO, reported equity holdings and a compensation grant. On 08/08/2025 he was credited with 638 restricted stock units (RSUs), each representing a contingent right to receive one share; those RSUs vest in full on August 15, 2026 provided he remains a service provider, and vested shares will be delivered upon vesting. The filing also shows he beneficially owns 34,313 shares of Microchip common stock indirectly through a trust. The RSUs are reported with a $0 acquisition price.
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Insights
TL;DR: Routine executive equity grant and disclosed indirect ownership; no material transaction disclosed beyond standard compensation.
The Form 4 reports a compensation-related award of 638 RSUs and indirect beneficial ownership of 34,313 shares held in a trust. The RSUs vest on August 15, 2026 subject to continued service and are payable in common shares upon vesting. This is a standard equity-compensation disclosure that documents alignment between executive and shareholder interests but does not, by itself, indicate any immediate change in control or significant disposition of shares.
TL;DR: Disclosure reflects typical executive compensation mechanics and current indirect ownership; governance implications are routine.
The filing clarifies the nature and timing of the award: each restricted stock unit converts to one share and vests only if the reporting person remains a service provider through August 15, 2026. Indirect ownership via a trust of 34,313 shares is identified. From a governance perspective, the document fulfills Section 16 reporting obligations and provides transparency on potential future dilution from the award when RSUs vest and shares are delivered.