Microchip (NASDAQ: MCHP) SVP receives 1,692 PSUs and 1,691 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bunker Mathew B reported acquisition or exercise transactions in this Form 4 filing.
Microchip Technology senior vice president of operations Mathew B. Bunker reported new equity awards. He received 1,692 Performance Stock Units and 1,691 Restricted Stock Units, each representing the right to one share of common stock.
The PSUs are tied to Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2029, with the target award based on achieving 33.5% cumulative margin. Both the RSUs and any PSUs ultimately earned are scheduled to vest on August 15, 2030, contingent on continued service, with shares delivered upon vesting. Following these awards, Bunker directly holds 17,222 shares of common stock in addition to the new units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bunker Mathew B
Role
SENIOR VP, OPERATIONS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,691 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 1,692 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,691 shares (Direct, null);
Performance Stock Units — 1,692 shares (Direct, null);
Common Stock — 17,222 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. The restricted stock units will vest in full on August 15, 2030 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. 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, 2029. 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 33.5% 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, 2030 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.
Key Figures
Performance Stock Units granted: 1,692 units
Restricted Stock Units granted: 1,691 units
Common shares held after transactions: 17,222 shares
+4 more
7 metrics
Performance Stock Units granted
1,692 units
Grant on July 1, 2026; each unit for one common share
Restricted Stock Units granted
1,691 units
Grant on July 1, 2026; each unit for one common share
Common shares held after transactions
17,222 shares
Direct ownership following reported transactions
PSU performance period end
June 30, 2029
12-quarter cumulative non-GAAP operating margin measurement period
Target cumulative non-GAAP operating margin
33.5%
Target level for earning the reported PSU share target
Vesting date for RSUs and earned PSUs
August 15, 2030
Requires continued service through vesting date; shares delivered at vest
Grant price per unit
$0.00 per unit
PSUs and RSUs granted as compensation with no exercise price
Key Terms
restricted stock unit, performance stock unit, non-GAAP operating margin, 2004 Equity Incentive Plan, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"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..."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending June 30, 2029."
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.
2004 Equity Incentive Plan financial
"Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right..."
cumulative non-GAAP operating margin financial
"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 33.5%..."
FAQ
What did Mathew B. Bunker report in his latest Form 4 for MICROCHIP TECHNOLOGY INC (MCHP)?
Mathew B. Bunker reported receiving new equity awards in the form of performance stock units and restricted stock units. These awards give him rights to future shares of Microchip common stock, subject to vesting schedules and, for PSUs, performance conditions.
How many PSUs and RSUs did the Microchip SVP receive in this MCHP Form 4 filing?
He received 1,692 Performance Stock Units and 1,691 Restricted Stock Units. Each unit represents a contingent right to one share of Microchip common stock, delivered if the vesting and, for PSUs, performance conditions are satisfied.
What performance metric determines how many PSUs vest for Mathew B. Bunker at Microchip (MCHP)?
The PSUs are based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2029. The target payout assumes a 33.5% cumulative margin, with the actual shares earned increasing or decreasing depending on the achieved margin.
When do the new RSUs and PSUs for the Microchip SVP vest according to the Form 4?
Both the restricted stock units and any performance stock units that are earned are scheduled to vest on August 15, 2030. Vesting requires that Mathew B. Bunker remain a service provider through that date, after which shares will be delivered.