Microchip (MCHP) Form 4: COO Acquires 56 Shares via ESPP
Rhea-AI Filing Summary
Insider purchase reported: Richard J. Simoncic, Chief Operating Officer of Microchip Technology Inc. (MCHP), acquired 56 shares of Microchip common stock under the companys 2001 Employee Stock Purchase Plan on 09/02/2025 at a price of $49.2575 per share. The acquisition was an exempt transaction under Rule 16(b)-3(d) and was paid for by contributions made during the six-month period ended 08/31/2025. After the transaction, Mr. Simoncic beneficially owns 151,057 shares indirectly through a trust. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR Insider acquisition of 56 shares via ESPP; holdings remain largely indirect and unchanged materially.
This Form 4 documents a small purchase of 56 shares under Microchips ESPP at $49.2575 each, funded by payroll contributions over the prior six months. Such purchases under an ESPP are routine and governed by Rule 16(b)-3(d), which provides an exemption for certain employee plan transactions. The report confirms the officers indirect beneficial ownership of 151,057 shares via a trust, but the incremental size of the acquisition is small relative to that total and likely immaterial to ownership percentages or voting control.
TL;DR Routine disclosure of an ESPP acquisition by a senior officer; compliant Form 4 filing.
The filing shows compliance with Section 16 reporting: transaction date 09/02/2025, execution under the ESPP with exempt status, and signature by an attorney-in-fact on 09/03/2025. The reporting person is identified as COO and the ownership is recorded as indirect through a trust. From a governance perspective, the form meets disclosure requirements and does not indicate any unusual or nonstandard insider activity.