MCHP Form 4: Victor Peng Vested 2,010 RSUs, Owns 2,326 Shares Indirectly
Rhea-AI Filing Summary
Victor Peng, a Microchip Technology (MCHP) director, reported transactions on Form 4 dated 08/18/2025. He acquired 2,010 shares of Microchip common stock on 08/18/2025 at a price of $65.56 per share as restricted stock units vested and were delivered. After the transaction he beneficially owned 2,326 shares indirectly, with 2,280 held by The Peng Family Revocable Trust and 46 in an IRA. Separately, a grant of 3,090 restricted stock units remains outstanding and will vest either one day before the next annual meeting or one year from grant, contingent on continued service as a non-employee director.
Positive
- Director received 2,010 vested shares on 08/18/2025, converting compensation into equity that aligns interests with shareholders
Negative
- None.
Insights
TL;DR: Routine director equity vesting and delivery; aligns compensation with continued board service without unusual terms.
The filing documents standard non-employee director compensation: RSUs vested on 08/18/2025 and shares were delivered to the reporting person. The remaining 3,090 RSUs have time-based vesting tied to continued board service, with vesting occurring on the earlier of one day before the next annual meeting or one year from grant. Holdings are held indirectly through a family trust and an IRA, which is common for directors and does not indicate an immediate change in control or substantial shift in insider ownership.
TL;DR: Transaction is a vesting/delivery event of director RSUs; not a market purchase or sale signaling new strategic intent.
The Form 4 reports 2,010 vested RSUs delivered at a per-share value implied by the $65.56 price. Post-transaction indirect beneficial ownership is 2,326 shares. There is an outstanding award of 3,090 RSUs subject to standard service-based vesting. The filing contains no derivative exercises for cash proceeds or open-market trades, so liquidity or portfolio rebalancing signals are absent from this disclosure.