Microchip (MCHP) CFO Reports RSU & PSU Conversions, 34,381 Shares
Rhea-AI Filing Summary
Microchip Technology (MCHP) Senior VP and CFO, reporting as an indirect owner via a trust, disclosed multiple equity award settlements on November 15 and 17, 2025. Restricted stock units and performance stock units converted into common stock at an exercise price of $51.7 per share, shown as transaction code “M” in both the non-derivative and derivative tables.
Shares were delivered to the executive as the awards vested, while some shares (code “F”) were withheld to cover obligations, leaving 34,381 shares of common stock beneficially owned indirectly by the trust after the final reported transaction. The PSUs are tied to Microchip’s cumulative non-GAAP operating margin targets over 12-quarter periods ending on September 30, 2024 and September 30, 2025, reflecting performance-based compensation.
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 | 316 | $51.70 | $16K |
| Exercise | Common Stock | 388 | $51.70 | $20K |
| Tax Withholding | Common Stock | 167 | $51.70 | $9K |
| Exercise | Restricted Stock Units | 1,554 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,708 | $0.00 | -- |
| Exercise | Restricted Stock Units | 776 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,354 | $0.00 | -- |
| Exercise | Common Stock | 1,554 | $51.70 | $80K |
| Tax Withholding | Common Stock | 666 | $51.70 | $34K |
| Exercise | Common Stock | 2,708 | $51.70 | $140K |
| Tax Withholding | Common Stock | 1,161 | $51.70 | $60K |
| Exercise | Common Stock | 776 | $51.70 | $40K |
| Tax Withholding | Common Stock | 333 | $51.70 | $17K |
| Exercise | Common Stock | 1,354 | $51.70 | $70K |
| Tax Withholding | Common Stock | 581 | $51.70 | $30K |
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 three quarterly installments of 1,556 shares beginning November 15, 2023, one quarterly installment of 1,554 shares on August 15, 2024, and eight quarterly installments of 776 shares beginning on November 15, 2024. 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 will vest 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.