[Form 4] MICROCHIP TECHNOLOGY INC Insider Trading Activity
Rhea-AI Filing Summary
Microchip Technology (MCHP) reported an insider equity award on a Form 4. On 10/01/2025, the reporting person, who is both a director and an officer, received 19,498 restricted stock units (RSUs) and 29,246 performance stock units (PSUs), both at a price of $0.
The RSUs vest in full on November 15, 2029, subject to continued service. The PSUs represent a target number of shares tied to Microchip’s cumulative non-GAAP operating margin over 12 quarters ending September 30, 2028, with the target set at 29.0%; actual shares earned may be higher or lower, and any earned PSUs vest on November 15, 2029 with continued service. Following the reported transactions, 10,167,682 shares of common stock were beneficially owned indirectly through a trust and a family limited partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 19,498 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 29,246 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Of the 10,167,682 shares held, 4,261,810 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership 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 November 15, 2029 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 September 30, 2028. 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 29.0% 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 will vest on November 15, 2029 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.