Microchip (NASDAQ: MCHP) director’s 3,090 RSUs vest at $80.26
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) director Victor Peng reported equity compensation activity involving restricted stock units and common stock. On August 18, 2026, he received a grant of 2,557 Restricted Stock Units, each representing a contingent right to one share of common stock; these RSUs will vest in full on August 18, 2027 if he remains a service provider, with shares delivered upon vesting.
On August 17, 2026, 3,090 Restricted Stock Units vested in full and were converted into 3,090 shares of common stock at an exercise price of $80.26 per share, with vested shares delivered to him upon vest. Following this conversion, he held 5,416 shares of common stock indirectly, including 5,370 shares held by The Peng Revocable Trust and 46 shares held in an IRA in his name.
Positive
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Insider Trade Summary
Net Buyer: 3,090 shares
Net Buy
3 txns
Insider
PENG VICTOR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F3, F4 | 2,557 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 3,090 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,090 | $80.26 | $248K |
Holdings After Transaction:
Restricted Stock Units — 2,557 shares (Direct);
Common Stock — 5,416 shares (Indirect, Held Indirectly, by Trust and by IRA.)
Footnotes (4)
- F1. Of the 5,416 shares held, 5,370 shares were held by The Peng Revocable Trust; and 46 shares were held by an IRA in the owner's name.
- F2. The restricted stock units vested in full on August 17, 2026. Vested shares were delivered to the reporting person upon vest.
- F3. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F4. The restricted stock units will vest in full on August 18, 2027, as long as the individual remains a service provider through the vesting date.. Vested shares will be delivered to the reporting person upon vest.
Key Figures
New RSU grant: 2,557 Restricted Stock Units
RSUs vested and converted: 3,090 Restricted Stock Units
Exercise price per share: $80.26 per share
+4 more
7 metrics
New RSU grant
2,557 Restricted Stock Units
Granted to Victor Peng on August 18, 2026
RSUs vested and converted
3,090 Restricted Stock Units
Vested and converted into common stock on August 17, 2026
Exercise price per share
$80.26 per share
Conversion of 3,090 RSUs into common stock on August 17, 2026
Indirect holdings after transaction
5,416 shares
Common stock indirectly held after August 17, 2026 transactions
Shares in revocable trust
5,370 shares
Indirectly held by The Peng Revocable Trust after August 17, 2026
Shares in IRA
46 shares
Indirectly held in an IRA in the owner’s name
RSU vest date
August 18, 2027
Future vesting date for the 2,557 newly granted RSUs
Key Terms
Restricted Stock Units, contingent right, derivative security, Revocable Trust, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vested in full on August 17, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Revocable Trust financial
"5,370 shares were held by The Peng Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
IRA financial
"46 shares were held by an IRA in the owner's name."
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What equity award did MCHP director Victor Peng receive on August 18, 2026?
Victor Peng received a grant of 2,557 Restricted Stock Units on August 18, 2026. Each RSU equals one Microchip common share and will vest in full on August 18, 2027, assuming he continues as a service provider, with shares delivered upon vesting.
What happened to Victor Peng’s RSUs at Microchip (MCHP) on August 17, 2026?
On August 17, 2026, 3,090 Restricted Stock Units vested in full for Victor Peng. These RSUs were converted into 3,090 shares of Microchip common stock at an exercise price of $80.26 per share, with the vested shares delivered to him upon vest.
What is the vesting condition for Victor Peng’s 2,557 RSUs at Microchip (MCHP)?
The 2,557 RSUs granted to Victor Peng will vest in full on August 18, 2027. Vesting requires that he remain a service provider through that date, after which the corresponding common shares will be delivered to him.
What exercise price applied to Victor Peng’s RSU conversion at Microchip (MCHP)?
The vested RSUs converted on August 17, 2026 used an exercise price of $80.26 per share. A total of 3,090 RSUs converted into 3,090 common shares of Microchip at this price, according to the reported Form 4 data and footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
