Microchip (MCHP) SVP exercises 4,118 stock units in August
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) reported insider equity activity by Mathew B. Bunker, its Senior Corporate Vice President, Operations. On August 15, 2026, he exercised and converted performance stock units and restricted stock units into 4,118 shares of common stock at an exercise price of $80.26 per share, with 1,150 shares delivered or withheld to cover the exercise price or tax liabilities. The performance stock units were earned based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025, targeting a 40.0% margin, and vested on August 15, 2026, with vested shares delivered upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,968 shares
Net Buy
15 txns
Insider
Bunker Mathew B
Role
SR CORPORATE VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units F1 | 1,198 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 1,365 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 221 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2 | 464 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 870 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,198 | $80.26 | $96K |
| Exercise Price or Tax Liability | Common Stock | 334 | $80.26 | $27K |
| Exercise | Common Stock | 1,365 | $80.26 | $110K |
| Exercise Price or Tax Liability | Common Stock | 381 | $80.26 | $31K |
| Exercise | Common Stock | 221 | $80.26 | $18K |
| Exercise Price or Tax Liability | Common Stock | 62 | $80.26 | $5K |
| Exercise | Common Stock | 464 | $80.26 | $37K |
| Exercise Price or Tax Liability | Common Stock | 130 | $80.26 | $10K |
| Exercise | Common Stock | 870 | $80.26 | $70K |
| Exercise Price or Tax Liability | Common Stock | 243 | $80.26 | $20K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 20,190 shares (Direct)
Footnotes (3)
- F1. 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 June 30, 2025. 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 40.0% 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 vested on August 15, 2026. Vested shares were delivered to the reporting person upon vest.
- F2. The restricted stock units vested in full on August 15, 2026. Vested shares were delivered to the reporting person upon vest.
- F3. The restricted stock units vested in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
Key Figures
Derivative shares exercised: 4,118 shares
Shares for exercise price or taxes: 1,150 shares
Exercise/Conversion Price: $80.26 per share
+5 more
8 metrics
Derivative shares exercised
4,118 shares
Total derivative exercise shares (performance and restricted stock units) on August 15, 2026
Shares for exercise price or taxes
1,150 shares
Shares delivered or withheld under code F for exercise price or tax liability
Exercise/Conversion Price
$80.26 per share
Price applied to exercised or converted derivative awards and related common stock
Target operating margin
40.0%
Target cumulative non-GAAP operating margin for PSU earning over 12 quarters
Measurement period length
12 quarters
Period ending June 30, 2025 used to determine PSU performance
Installment size (first RSU grant)
868 shares
Quarterly RSU vesting installments beginning November 15, 2023
Installment size (second RSU grant)
870 shares
Quarterly RSU vesting installments beginning November 15, 2024
PSU vesting date
August 15, 2026
Date earned performance stock units vested and shares were delivered
Key Terms
Performance Stock Units, restricted stock units, non-GAAP operating margin, contingent right, +1 more
5 terms
Performance Stock Units financial
"Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated 2004 Equity Incentive Plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"The restricted stock units vested in full on August 15, 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.
non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters"
Non-GAAP operating margin is a way companies show how much profit they make from their main business activities, excluding certain expenses or income they consider unusual or non-recurring. It helps investors see how well the company is performing in its normal operations, without the effects of one-time costs or gains that might distort the picture.
contingent right financial
"represents a contingent right to receive shares of Microchip common stock"
cumulative non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters"
FAQ
What insider transaction did Mathew B. Bunker report for MCHP?
Mathew B. Bunker reported exercises and conversions of performance and restricted stock units into 4,118 shares of Microchip common stock on August 15, 2026. These were routine equity compensation events rather than open-market purchases or sales.
What performance criteria governed Bunker’s performance stock units in MCHP?
Each performance stock unit represented a contingent right to shares based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025. The target award assumed achieving a 40.0% cumulative non-GAAP operating margin over that measurement period.
When did the MCHP performance and restricted stock units reported by Bunker vest?
The earned performance stock units and certain restricted stock units vested on August 15, 2026, with vested shares delivered upon vesting. Another restricted stock unit grant vested in quarterly installments of 868 and 870 shares beginning in 2023 and 2024, respectively.
Were Mathew B. Bunker’s MCHP transactions made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 plan checkbox is not checked, and no footnote states these transactions were pursuant to a trading plan. The reported activity reflects vesting and exercise of equity awards on August 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
