Microchip CEO granted 4,514 restricted stock units
Sanghi Steve reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Sanghi Steve reported acquisition or exercise transactions in this Form 4 filing.
MICROCHIP TECHNOLOGY INC reported that President, CEO and Chair of the Board Steve Sanghi received a grant of 4,514 restricted stock units, each representing a contingent right to one share of common stock. These units vest in full on May 15, 2028, contingent on continued service, with shares delivered upon vesting. The filing also lists 9,410,407 shares of common stock held indirectly through The Sanghi Trust and The Sanghi Family Limited Partnership. No open-market purchases or sales were reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2, F3 | 4,514 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Footnotes (3)
- F1. Of the 9,410,407 shares held, 3,504,535 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
- F2. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F3. The restricted stock units vest in full on May 15, 2028, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
Key Figures
Key Terms
Restricted Stock Units financial
Family Limited Partnership financial
contingent right financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Steve Sanghi receive according to Microchip (MCHP)'s Form 4?
When do Steve Sanghi's new restricted stock units vest at Microchip (MCHP)?
What does each restricted stock unit represent in Microchip (MCHP)'s Form 4?
How are Steve Sanghi's indirect Microchip (MCHP) holdings structured?
AI-generated analysis. How Rhea-AI works. Not financial advice.