MCHP Insider Filing: CFO Reports 30,089 Indirect Shares, New PSU/RSU Grants
Rhea-AI Filing Summary
James Eric Bjornholt, Senior VP and CFO of Microchip Technology Incorporated (MCHP), reported equity awards on 10/01/2025 on Form 4. The filing shows 30,089 shares held indirectly in a trust. On the same date he was granted 3,071 restricted stock units (RSUs) and 3,071 performance stock units (PSUs), each unit representing a contingent right to one share.
The RSUs will vest in full on November 15, 2029 provided continued service. The PSUs vest on the same date but are earned only if Microchip achieves a cumulative non-GAAP operating margin of 29.0% over the 12-quarter period ending September 30, 2028; actual PSU payout can be higher or lower than target.
Positive
- 3,071 restricted stock units granted to the reporting person on 10/01/2025
- 3,071 performance stock units granted on 10/01/2025 with explicit performance metric
- 30,089 shares held indirectly in a trust disclosed on the Form 4
Negative
- RSUs and PSUs vest only on November 15, 2029, requiring continued service until that date
- PSU payout is contingent on achieving a cumulative 29.0% non‑GAAP operating margin through 9/30/2028, creating uncertainty in realized shares
Insights
Form 4 reports long-term, service-conditioned grants to the CFO and indirect ownership in a trust.
The filing documents 3,071 RSUs and 3,071 PSUs granted to the reporting person with vesting on November 15, 2029 only if service continues. It also discloses 30,089 shares held indirectly by a trust.
This is a clear disclosure of insiders' alignment with long-term compensation schedules and existing indirect ownership; no exercise or sale transactions are reported.
PSUs are performance‑contingent tied to a 12‑quarter non‑GAAP margin target of 29.0%.
The PSU metric is explicitly cumulative non‑GAAP operating margin over the 12 quarters ending September 30, 2028, and target PSUs reported equal 3,071. RSUs are time‑based and will vest in full on November 15, 2029 if service continues.
The filing states earned PSUs may be higher or lower than target based solely on the disclosed margin metric; no other performance conditions are cited.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,071 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 3,071 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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 November 15, 2029 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. 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 September 30, 2028. 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 29.0% 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 will vest on November15, 2029 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
