Microchip (MCHP) Director RSU Vesting and New Grant Reported
Rhea-AI Filing Summary
Matthew W. Chapman, a non-employee director of Microchip Technology Incorporated (MCHP), reported stock-based transactions dated 08/18/2025. On that date 2,491 restricted stock units vested and were delivered, recorded as an acquisition at an attributed price of $65.56 per share, increasing his direct beneficial ownership to 40,665 shares. A separate grant of 3,090 restricted stock units was reported with a transaction date of 08/19/2025; each unit represents a contingent right to one share and will vest in full on the earlier of one day prior to the next annual meeting or one year from grant, subject to continued status as a non-employee director. The form was executed by an attorney-in-fact on 08/20/2025.
Positive
- 2,491 RSUs vested and were delivered, increasing the reporting director's direct holdings to 40,665 shares
- New grant of 3,090 RSUs documented with clear vesting conditions linking pay to continued non-employee director service
Negative
- None.
Insights
TL;DR Routine director RSU vesting and a new director RSU grant increased direct holdings to 40,665 shares.
The filing records a completed vesting of 2,491 restricted stock units delivered to the reporting director and a subsequent grant of 3,090 RSUs that remain contingent on continued non-employee director service. The vesting delivery increases immediate share holdings but no cash sale or purchase of open-market shares is reported. There are no disclosed cash proceeds or exercise events; the transactions are equity compensation-related and consistent with typical director award programs.
TL;DR Standard non-employee director equity compensation activity; vesting is conditional on continued service.
The document clearly states the RSUs vested for one award and that another grant vests on corporate-tenure conditions tied to the next annual meeting or a one-year cliff. The filing includes the nature of indirect beneficial ownership (none reported) and shows the awards were processed via company plan mechanics. This is a routine disclosure required under Section 16 and signals standard alignment of director interests with shareholders.