Microchip (NASDAQ: MCHP) CFO settles 4,178 shares, sells 837
Rhea-AI Filing Summary
Microchip Technology Inc. (MCHP) reported that Senior Corporate VP and CFO James Eric Bjornholt had Restricted Stock Units and Performance Stock Units convert into a total of 4,178 shares of common stock on August 17, 2026, held indirectly through a trust. Of these, 954 shares were delivered or withheld to cover exercise price or tax liability, and 837 shares were sold at $80.26 per share.
The RSUs vest in full on August 17, 2026, contingent on continued service. The PSUs were earned based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025, with target awards tied to a 40.0% margin.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Bjornholt James Eric
Role
SENIOR CORPORATE VP AND CFO
Sold
837 shs ($67K)
Approx. gross sale proceeds
$67K
Approx. exercise cost
$335K
| 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 | 954 | $80.26 | $77K |
| Exercise | Common Stock | 1,952 | $80.26 | $157K |
| Sale | Common Stock | 837 | $80.26 | $67K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 30,960 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (2)
- F1. The restricted stock units will vest in full on August 17, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be 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 converted: 2,226 shares
PSUs converted: 1,952 shares
Shares sold: 837 shares
+4 more
7 metrics
RSUs converted
2,226 shares
Restricted Stock Units converting into common stock on August 17, 2026
PSUs converted
1,952 shares
Performance Stock Units converting into common stock on August 17, 2026
Shares sold
837 shares
Common stock sold indirectly by trust at $80.26 per share on August 17, 2026
Shares for exercise price or taxes
954 shares
Common shares delivered or withheld for exercise price or tax liability
Indicated share price
$80.26 per share
Price used for common stock transactions on August 17, 2026
PSU target margin
40.0%
Cumulative non-GAAP operating margin target over 12 quarters ending June 30, 2025
Derivative shares exercised
4,178 shares
Total RSUs and PSUs exercised or converted in code M transactions
Key Terms
Restricted Stock Units, Performance Stock Unit, non-GAAP operating margin, cumulative non-GAAP operating margin, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units will vest 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 Unit financial
"Each Performance Stock Unit (PSU) granted under the Microchip Technology"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
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.
cumulative non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period"
vesting financial
"Earned PSUs vested on August 17, 2026. Vested shares were delivered"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did MCHP CFO James Eric Bjornholt report on August 17, 2026?
Bjornholt reported conversion of RSUs and PSUs into 4,178 Microchip (MCHP) common shares via code M transactions. Of these, 954 shares were delivered or withheld for exercise price or tax liability and 837 shares were sold at $80.26 per share.
How are the MCHP Performance Stock Units for the CFO determined and vested?
Each PSU represents a contingent right to MCHP shares based on cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025. The target number assumes a 40.0% margin, with actual shares earned higher or lower. Earned PSUs vested on August 17, 2026.
What is the vesting condition for the MCHP Restricted Stock Units held by the CFO?
The RSUs will vest in full on August 17, 2026, provided the individual remains a service provider through that date. Once vested, the underlying Microchip (MCHP) shares are delivered to the reporting person in settlement of the award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
