Microchip awards Duvenhage a 1,608-share stock grant
Both awards vest on November 15, 2030 only if Duvenhage remains a service provider through that date; vested shares are delivered upon vest.
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Rhea-AI Filing Summary
Microchip Technology Inc. (MCHP) reported that Stephanus Duvenhage, Sr. Corp VP, Analog Bus Unit, was granted 1,608 restricted stock units and a target award of 1,609 performance stock units on October 1, 2026. The performance-unit target is based on Microchip achieving 35.0% cumulative non-GAAP operating margin over the 12-quarter period ending September 30, 2029; the number earned may be higher or lower than the target. As of October 1, 2026, Duvenhage's reported direct common-stock holding was 7,210 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 1,608 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units F3, F4 | 1,609 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F2. The restricted stock units will vest in full on November 15, 2030 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F3. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F4. 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, 2029. 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 35.0% 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 November 15, 2030 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.
Key Figures
Key Terms
restricted stock unit financial
Performance Stock Unit financial
cumulative non-GAAP operating margin financial
FAQ
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How many stock units did MCHP's Stephanus Duvenhage receive?
When do Stephanus Duvenhage's MCHP stock awards vest?
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