Microchip (NASDAQ: MCHP) COO logs RSU and PSU vesting in trust
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) reported that Chief Operating Officer Richard J. Simoncic had equity awards vest and convert into common stock on August 17, 2026. 2,226 Restricted Stock Units vested and were delivered in common shares, and 1,952 Performance Stock Units earned under a 12‑quarter performance period ending June 30, 2025 also vested and converted into common stock. The resulting 4,178 common shares were held indirectly in a trust, at a stated value of $80.26 per share. In separate code F transactions, 943 shares and 827 shares of common stock held by the trust were delivered or withheld to satisfy the exercise price or tax liability associated with these vestings.
Positive
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Insider Trade Summary
Net Buyer: 2,408 shares
Net Buy
6 txns
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 2,226 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2 | 1,952 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,226 | $80.26 | $179K |
| Exercise Price or Tax Liability | Common Stock | 943 | $80.26 | $76K |
| Exercise | Common Stock | 1,952 | $80.26 | $157K |
| Exercise Price or Tax Liability | Common Stock | 827 | $80.26 | $66K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 132,916 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (2)
- F1. The restricted stock units vested in full on August 17, 2026. Vested shares were delivered to the reporting person upon vest.
- F2. 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 June 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 August 17, 2026. Vested shares were delivered to the reporting person upon vest.
Key Figures
RSUs vested: 2,226 shares
PSUs earned and vested: 1,952 shares
Share value used for transactions: $80.2600 per share
+5 more
8 metrics
RSUs vested
2,226 shares
Restricted Stock Units vested in full on August 17, 2026
PSUs earned and vested
1,952 shares
Performance Stock Units earned over a 12-quarter period and vested on August 17, 2026
Share value used for transactions
$80.2600 per share
Stated price per share for common stock related to conversions and code F dispositions
Common shares from RSU and PSU vesting
4,178 shares
Total common stock underlying 2,226 RSUs and 1,952 PSUs converted
Shares delivered/withheld for price or tax
943 shares
Code F transaction for payment of exercise price or tax liability
Additional shares delivered/withheld for price or tax
827 shares
Second code F transaction for payment of exercise price or tax liability
Performance measurement period
12 quarters
Period ending June 30, 2025 for PSU non-GAAP operating margin test
Target non-GAAP operating margin
40.0%
Target cumulative non-GAAP operating margin for earning target PSU shares
Key Terms
Restricted Stock Units, Performance Stock Units, non-GAAP operating margin, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vested in full on August 17, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each Performance Stock Unit (PSU) granted under the Microchip Technology"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period"
Non-GAAP operating margin is a way companies show how much profit they make from their main business activities, excluding certain expenses or income they consider unusual or non-recurring. It helps investors see how well the company is performing in its normal operations, without the effects of one-time costs or gains that might distort the picture.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description": "Payment of exercise price or tax liability"
FAQ
What transactions did MCHP COO Richard J. Simoncic report on this Form 4?
Richard J. Simoncic reported vesting and conversion of 2,226 RSUs and 1,952 PSUs into Microchip common stock at $80.26 per share, with shares held indirectly in a trust and some shares delivered or withheld to cover price or tax obligations.
How many Microchip (MCHP) RSUs vested for Richard J. Simoncic?
A total of 2,226 Restricted Stock Units vested in full on August 17, 2026. These vested units were settled in Microchip common stock and delivered to Richard J. Simoncic, with the resulting common shares reported as held indirectly through a trust.
How were Richard J. Simoncic’s MCHP Performance Stock Units determined and settled?
Simoncic’s 1,952 Performance Stock Units were earned based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025, with a 40.0% target margin, and the earned PSUs vested and were delivered as common shares on August 17, 2026.
What performance condition applied to Richard J. Simoncic’s MCHP PSUs?
Each PSU represented a right to receive common stock based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025. The target 40.0% margin determined the target number of PSU shares that could be earned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
