Microchip (MCHP) COO granted 371 RSUs, holds 146,127 shares via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simoncic Richard J reported acquisition or exercise transactions in this Form 4 filing.
Microchip Technology's chief operating officer, Richard J. Simoncic, received a grant of 371 restricted stock units, each representing one share of common stock. These units vest in full on May 15, 2027, if he remains a service provider through that date. The filing also shows 146,127 shares of common stock held indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Simoncic Richard J
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 371 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 371 shares (Direct, null);
Common Stock — 146,127 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (1)
- 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 May 15, 2027 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
RSU grant size: 371 restricted stock units
RSU underlying shares: 371 shares of common stock
Vesting date: May 15, 2027
+1 more
4 metrics
RSU grant size
371 restricted stock units
Granted to COO Richard J. Simoncic on May 8, 2026
RSU underlying shares
371 shares of common stock
Each unit represents one share upon vesting
Vesting date
May 15, 2027
RSUs vest in full if service continues through this date
Indirect common stock holdings
146,127 shares
Common stock held indirectly by trust after reported transactions
Key Terms
Restricted Stock Units, contingent right, service provider, vesting date
4 terms
Restricted Stock Units financial
"The restricted stock units will vest in full on May 15, 2027..."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share..."
service provider financial
"will vest in full on May 15, 2027 as long as the individual remains a service provider..."
vesting date financial
"through the vesting date. Vested shares will be delivered to the reporting person..."
FAQ
What insider transaction did Microchip Technology (MCHP) report for Richard J. Simoncic?
Microchip Technology reported that COO Richard J. Simoncic received a grant of 371 restricted stock units. Each unit represents one share of common stock, forming part of his equity-based compensation and aligning him with shareholder interests over time.
How many restricted stock units did the Microchip (MCHP) COO receive in this Form 4?
The chief operating officer received 371 restricted stock units. These units convert into an equal number of common shares upon vesting, adding to his potential future ownership in Microchip Technology if service-based conditions are satisfied.
When do Richard J. Simoncic’s new Microchip (MCHP) restricted stock units vest?
The restricted stock units vest in full on May 15, 2027. Vesting requires that Richard J. Simoncic remains a service provider through that date, reinforcing long-term retention and ongoing alignment with company performance and shareholder value.
What does each restricted stock unit represent in the Microchip (MCHP) Form 4?
Each restricted stock unit represents a contingent right to receive one share of Microchip Technology common stock. Shares are delivered only after the units vest, tying the award’s value directly to the company’s future stock price and continued service.
Is the Microchip (MCHP) COO’s Form 4 transaction a market purchase or sale?
The reported transaction is a grant of 371 restricted stock units, not a market purchase or sale. It is a compensation-related award that will convert into common shares only if the vesting conditions are met by the specified future date.