[Form 4] Microchip Technology Inc Insider Trading Activity
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Bunker Mathew B
Role
SENIOR VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 2,093 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 62 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,092 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 62 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 2,155 shares (Direct);
Restricted Stock Units — 2,154 shares (Direct);
Common Stock — 27,732 shares (Direct)
Footnotes (6)
- F1. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F2. 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, 2028. 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 29.0% 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 August 15, 2029 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.
- F3. 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, 2028. 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 29.0% 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 August 15, 2028 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.
- F4. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F5. The restricted stock units will vest in full on August 15, 2029 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F6. The restricted stock units will vest in full on August 15, 2028 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
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