Microchip (NASDAQ: MCHP) director’s 3,090 RSUs vest into stock
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) reported equity compensation activity for director Richard B. Cassidy II. On August 18, 2026 he received a grant of 2,557 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock; these RSUs will vest in full on August 18, 2027 as long as he remains a service provider, with shares delivered upon vesting. On August 17, 2026 a prior RSU award of 3,090 units vested in full, and the units were converted into 3,090 shares of common stock at a stated value of $80.26 per share, increasing his directly held common stock to 4,348 shares.
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Insider Trade Summary
Net Buyer: 3,090 shares
Net Buy
3 txns
Insider
Cassidy Richard B. II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2, F3 | 2,557 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1 | 3,090 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,090 | $80.26 | $248K |
Holdings After Transaction:
Restricted Stock Units — 2,557 shares (Direct);
Common Stock — 4,348 shares (Direct)
Footnotes (3)
- F1. The restricted stock units vested in full on August 17, 2026. Vested shares were delivered to the reporting person upon vest.
- F2. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F3. 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 units
New RSU vesting date: August 18, 2027
Vested RSUs converted: 3,090 units
+2 more
5 metrics
New RSU grant
2,557 units
Restricted Stock Units granted August 18, 2026, each for one share of common stock
New RSU vesting date
August 18, 2027
Date on which the newly granted RSUs vest in full, subject to continued service
Vested RSUs converted
3,090 units
Restricted Stock Units that vested in full on August 17, 2026 and were delivered as shares
Stated value per share
$80.26 per share
Price field for 3,090 common shares acquired upon RSU vesting on August 17, 2026
Common shares held after transaction
4,348 shares
Directly held Microchip Technology common stock following August 17, 2026 conversion
Key Terms
Restricted Stock Units, contingent right, derivative security, service provider
4 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_type": "derivative""
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.
service provider financial
"will vest in full on August 18, 2027, as long as the individual remains a service provider"
FAQ
What equity awards did MCHP grant to director Richard B. Cassidy II on August 18, 2026?
On August 18, 2026, Richard B. Cassidy II received 2,557 Restricted Stock Units from Microchip Technology. Each unit is a contingent right to receive one share of common stock, vesting in full on August 18, 2027 if he remains a service provider.
When will the newly granted RSUs to the MCHP director vest?
The newly granted RSUs will vest in full on August 18, 2027. Vesting is conditioned on the individual continuing as a service provider through the vesting date, after which the vested shares will be delivered to the reporting person.
What happened to Richard B. Cassidy II’s prior RSU award at Microchip Technology (MCHP)?
A prior award of 3,090 Restricted Stock Units vested in full on August 17, 2026. Upon vesting, 3,090 shares of common stock were delivered to the reporting person, corresponding to a stated value of $80.26 per share in the Form 4.
What is the relationship between each Restricted Stock Unit and MCHP common stock?
Each Restricted Stock Unit reported for MCHP represents a contingent right to receive one share of Microchip Technology common stock. Shares are delivered to the reporting person when the RSUs vest in full, subject to continued service conditions where specified.
Was a Rule 10b5-1 trading plan involved in these MCHP Form 4 transactions?
No Rule 10b5-1 trading plan is indicated for these transactions. The filing’s plan checkbox is not marked as being pursuant to Rule 10b5-1, and the footnotes describe standard RSU vesting and delivery mechanics only.
AI-generated analysis. How Rhea-AI works. Not financial advice.
