MCHP COO reports 2025 RSU and PSU vesting and share delivery
Rhea-AI Filing Summary
Microchip Technology (MCHP) reported insider equity activity by its Chief Operating Officer. The filing details multiple transactions in common stock held indirectly through a trust on November 15 and 17, 2025, linked to the vesting of restricted stock units (RSUs) and performance stock units (PSUs) at a price of $51.7 per share.
RSUs and PSUs granted under Microchip’s 2004 Equity Incentive Plan vested on these dates, and the corresponding shares of common stock were delivered to the reporting person upon vesting. The PSUs are earned based on Microchip’s cumulative non-GAAP operating margin over 12-quarter measurement periods, with a target margin of 40.0%. After the reported transactions, the COO indirectly beneficially owned 155,229 shares of Microchip common stock through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 736 | $0.00 | -- |
| Exercise | Performance Stock Units | 388 | $0.00 | -- |
| Exercise | Common Stock | 736 | $51.70 | $38K |
| Tax Withholding | Common Stock | 312 | $51.70 | $16K |
| Exercise | Common Stock | 388 | $51.70 | $20K |
| Tax Withholding | Common Stock | 165 | $51.70 | $9K |
| Exercise | Restricted Stock Units | 1,404 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,447 | $0.00 | -- |
| Exercise | Restricted Stock Units | 702 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,222 | $0.00 | -- |
| Exercise | Common Stock | 1,404 | $51.70 | $73K |
| Tax Withholding | Common Stock | 595 | $51.70 | $31K |
| Exercise | Common Stock | 2,447 | $51.70 | $127K |
| Tax Withholding | Common Stock | 839 | $51.70 | $43K |
| Exercise | Common Stock | 702 | $51.70 | $36K |
| Tax Withholding | Common Stock | 298 | $51.70 | $15K |
| Exercise | Common Stock | 1,222 | $51.70 | $63K |
| Tax Withholding | Common Stock | 518 | $51.70 | $27K |
Footnotes (1)
- The restricted stock units vested in full on November 15, 2025. Vested shares were delivered to the reporting person upon vest. 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 on November 15, 2025. Vested shares were delivered to the reporting person upon vest. The restricted stock units vest 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. 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. The restricted stock units vested in full on November 17, 2025. Vested shares were delivered to the reporting person upon vest. 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, 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 November 17, 2025. Vested shares were delivered to the reporting person upon vest.
FAQ
What does the latest Form 4 for Microchip Technology (MCHP) report?
The Form 4 reports that Microchip Technology’s Chief Operating Officer had multiple transactions in common stock on November 15 and 17, 2025, related to the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs) under the company’s 2004 Equity Incentive Plan.
What equity awards vested for the MCHP COO in this Form 4?
The filing shows several RSU and PSU awards vesting. These include awards such as 1,404 RSUs, 2,447 PSUs, 702 RSUs, 1,222 PSUs, 736 RSUs and 388 PSUs, with vested shares of common stock delivered to the reporting person upon vesting.
How are the Microchip (MCHP) performance stock units determined for the COO?
Each Performance Stock Unit (PSU) represents a contingent right to receive Microchip common stock based on the company’s cumulative non-GAAP operating margin over 12 quarters. For certain grants, the period ended on September 30, 2024, and for others on September 30, 2025, with a target operating margin of 40.0%.
What roles and ownership status does the reporting person hold at Microchip (MCHP)?
The reporting person is identified as an Officer of Microchip Technology with the title Chief Operating Officer. The Form 4 indicates that the reported common stock is held under indirect ownership via a trust.