Microchip SVP exercises RSUs, covers taxes with shares
Microchip Technology senior vice president Mathew B. Bunker reported compensation-related share activity, not open-market trading.
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Form Type
4
Rhea-AI Filing Summary
Microchip Technology senior vice president Mathew B. Bunker reported compensation-related share activity, not open-market trading. On May 15, 2026, he exercised or converted derivative awards into 3,656 shares of common stock and used 1,021 shares, valued at $93.85 each, to cover tax or exercise obligations, resulting in a net increase in directly held shares.
Insider Trade Summary
3,656 shares exercised/converted
Exercise
15 txns
Insider
Bunker Mathew B
Role
SENIOR VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 870 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,037 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,236 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 160 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 353 | $0.00 | $0.00 |
| Exercise | Common Stock | 870 | $93.85 | $82K |
| Exercise Price or Tax Liability | Common Stock | 243 | $93.85 | $23K |
| Exercise | Common Stock | 1,037 | $93.85 | $97K |
| Exercise Price or Tax Liability | Common Stock | 289 | $93.85 | $27K |
| Exercise | Common Stock | 1,236 | $93.85 | $116K |
| Exercise Price or Tax Liability | Common Stock | 345 | $93.85 | $32K |
| Exercise | Common Stock | 160 | $93.85 | $15K |
| Exercise Price or Tax Liability | Common Stock | 45 | $93.85 | $4K |
| Exercise | Common Stock | 353 | $93.85 | $33K |
| Exercise Price or Tax Liability | Common Stock | 99 | $93.85 | $9K |
Holdings After Transaction:
Restricted Stock Units — 870 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Common Stock — 17,222 shares (Direct)
Footnotes (3)
- F1. The restricted stock units vest 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.
- F2. The restricted stock units vested in full on May 15, 2026. Vested shares were 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 March 31, 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 May 15, 2026. Vested shares were delivered to the reporting person upon vest.
Key Figures
Shares from exercises: 3,656 shares
Shares for tax withholding: 1,021 shares
Reference share price: $93.85 per share
3 metrics
Shares from exercises
3,656 shares
RSUs and PSUs converted to common stock on May 15, 2026
Shares for tax withholding
1,021 shares
Common shares delivered for tax or exercise obligations on May 15, 2026
Reference share price
$93.85 per share
Price used for common stock and derivative conversions on May 15, 2026
Key Terms
Restricted Stock Units, Performance Stock Units, non-GAAP operating margin, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vest in four quarterly installments of 868 shares..."
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.
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.
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Mathew B. Bunker report at Microchip Technology (MCHP)?
Mathew B. Bunker reported exercising stock-based awards into 3,656 shares of Microchip common stock and using 1,021 shares to satisfy tax or exercise obligations. All transactions involved compensation-related derivatives rather than open-market buying or selling of shares.
What role do performance stock units play in this Microchip Technology Form 4?
Performance stock units in this filing convert into common shares based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending March 31, 2025. Earned PSUs then vested on May 15, 2026, and the corresponding vested shares were delivered to Mathew B. Bunker.
How is non-GAAP operating margin used in Microchip Technology’s performance stock units?
Each performance stock unit represents a contingent right to Microchip common stock based on cumulative non-GAAP operating margin over a 12-quarter period. A 40.0% cumulative margin represents the target level; actual shares earned can be higher or lower depending on the achieved margin.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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