Microchip (NASDAQ: MCHP) COO exercises 3,042 shares into trust
Rhea-AI Filing Summary
Microchip Technology Inc (MCHP) reported insider equity activity by Chief Operating Officer Richard J. Simoncic. On August 15, 2026, restricted stock units and performance stock units covering a total of 3,042 shares of common stock were exercised or converted at an exercise price of $80.26 per share, with the resulting common shares held indirectly in a trust. In connection with these exercises, 1,290 shares of common stock were delivered or withheld to pay the exercise price or related tax liabilities. The PSUs were tied to Microchip’s cumulative non‑GAAP operating margin performance over 12 quarters ending September 30, 2024, with vesting and delivery occurring as the awards vested.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,752 shares
Net Buy
12 txns
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 702 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2 | 1,222 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 269 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 849 | $0.00 | $0.00 |
| Exercise | Common Stock | 702 | $80.26 | $56K |
| Exercise Price or Tax Liability | Common Stock | 298 | $80.26 | $24K |
| Exercise | Common Stock | 1,222 | $80.26 | $98K |
| Exercise Price or Tax Liability | Common Stock | 518 | $80.26 | $42K |
| Exercise | Common Stock | 269 | $80.26 | $22K |
| Exercise Price or Tax Liability | Common Stock | 114 | $80.26 | $9K |
| Exercise | Common Stock | 849 | $80.26 | $68K |
| Exercise Price or Tax Liability | Common Stock | 360 | $80.26 | $29K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 134,668 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (3)
- F1. The restricted stock units vested in four quarterly installments of 1,406 shares beginning November 15, 2023, one quarterly installment of 702 shares on November 15, 2024, one quarterly installment of 704 shares on February 15, 2025 and six quarterly installments of 702 shares beginning on May 15, 2025 as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
- 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 September 30, 2024. 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 ratably over eight quarters beginning on November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
- F3. The restricted stock units vested in full on August 15, 2026. Vested shares were delivered to the reporting person upon vest.
Key Figures
Shares from derivative exercises: 3,042 shares
Shares for exercise price or tax liabilities: 1,290 shares
Exercise or conversion price: $80.26 per share
+5 more
8 metrics
Shares from derivative exercises
3,042 shares
Total derivative exercise or conversion shares reported in transactionSummary
Shares for exercise price or tax liabilities
1,290 shares
Total shares delivered or withheld under Code F transactions
Exercise or conversion price
$80.26 per share
Price associated with RSU and PSU exercises on August 15, 2026
PSU measurement period end
September 30, 2024
End of 12-quarter period for cumulative non-GAAP operating margin PSU metric
Target non-GAAP operating margin for PSUs
40.0%
Target cumulative non-GAAP operating margin over 12 quarters for PSU awards
PSU vesting start date
November 15, 2024
Date when earned PSUs begin to vest ratably over eight quarters
RSU quarterly vesting start date
November 15, 2023
Initial vesting date for one RSU grant vesting in quarterly installments
Full vest date for certain RSUs
August 15, 2026
Date on which one RSU grant vested in full and shares were delivered
Key Terms
Restricted Stock Units, Performance Stock Units, cumulative non-GAAP operating margin, exercise price or tax liability, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vested in four quarterly installments of 1,406 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"
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.
cumulative non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period of 12"
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"
FAQ
What insider transactions did MCHP COO Richard Simoncic report on August 15, 2026?
Richard J. Simoncic reported 3,042 shares of Microchip common stock acquired via exercises of restricted and performance stock units, and 1,290 shares delivered or withheld to cover exercise price or tax liabilities, all dated August 15, 2026.
What price was used for the MCHP stock underlying Richard Simoncic’s awards?
The awards reference an exercise or conversion price of $80.26 per share for the underlying Microchip common stock. This price applies to the 3,042 shares delivered from vested restricted and performance stock units on August 15, 2026.
How are the performance stock units for MCHP’s COO measured and vested?
Each PSU represents a right to shares based on Microchip’s cumulative non‑GAAP operating margin over 12 quarters ending September 30, 2024, with a 40.0% target margin. Earned PSUs vest ratably over eight quarters beginning November 15, 2024, with shares delivered upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
