Microchip (MCHP) executive’s 2,477 stock units vest at $80
Rhea-AI Filing Summary
Microchip Technology Inc. (MCHP) reported that senior officer Joseph R. Krawczyk II had multiple equity awards vest and convert on August 15, 2026. In total, 2,477 Restricted Stock Units and Performance Stock Units converted into common stock at a reference price of $80.26 per share, with 1,063 shares delivered or withheld to pay the exercise price or tax liabilities. Performance Stock Units were earned based on Microchip’s cumulative non-GAAP operating margin over a 12-quarter period ending June 30, 2025, with earned PSUs vesting on August 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,414 shares
Net Buy
15 txns
Insider
Krawczyk Joseph R II
Role
SR. CORP VP, WW CLIENT ENGMT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 340 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2 | 664 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 757 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 231 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 485 | $0.00 | $0.00 |
| Exercise | Common Stock | 340 | $80.26 | $27K |
| Exercise Price or Tax Liability | Common Stock | 146 | $80.26 | $12K |
| Exercise | Common Stock | 664 | $80.26 | $53K |
| Exercise Price or Tax Liability | Common Stock | 285 | $80.26 | $23K |
| Exercise | Common Stock | 757 | $80.26 | $61K |
| Exercise Price or Tax Liability | Common Stock | 325 | $80.26 | $26K |
| Exercise | Common Stock | 231 | $80.26 | $19K |
| Exercise Price or Tax Liability | Common Stock | 99 | $80.26 | $8K |
| Exercise | Common Stock | 485 | $80.26 | $39K |
| Exercise Price or Tax Liability | Common Stock | 208 | $80.26 | $17K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 16,558 shares (Direct)
Footnotes (3)
- F1. The restricted stock units vested in nine quarterly installments of 338 shares beginning November 15, 2023, and three quarterly installments of 340 shares beginning on February 15, 2026, as long as the individual remains a service provider through the vesting date. 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 15, 2026. Vested shares were delivered to the reporting person upon vest.
- F3. The restricted stock units vested in full on August 15, 2026. Vested shares were delivered to the reporting person upon vest.
Key Figures
Derivative shares exercised/converted: 2,477 shares
Shares delivered/withheld for exercise price or tax liability: 1,063 shares
Reference share price: $80.26 per share
+3 more
6 metrics
Derivative shares exercised/converted
2,477 shares
Total derivative exercises (code M) reported for August 15, 2026
Shares delivered/withheld for exercise price or tax liability
1,063 shares
Total code F transactions on August 15, 2026
Reference share price
$80.26 per share
Price used across August 15, 2026 equity award transactions
PSU target operating margin
40.0%
Cumulative non-GAAP operating margin target for 12-quarter PSU measurement period
PSU measurement period length
12 quarters
Period ending June 30, 2025 used to determine PSU earnout
Underlying PSU shares in single transaction
664 shares
Performance Stock Units converting into common stock in one reported transaction
Key Terms
Restricted Stock Units, Performance Stock Unit, non-GAAP operating margin, exercise price or tax liability, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vested in nine quarterly installments of 338 shares"
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 Incorporated"
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 of 12 quarters"
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 price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Equity Incentive Plan financial
"PSU granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider equity transactions did MCHP report for Joseph R. Krawczyk II?
Microchip Technology Inc. reported that Joseph R. Krawczyk II had 2,477 RSUs/PSUs vest and convert into common stock on August 15, 2026. The related common shares were issued, with some shares delivered or withheld to cover the exercise price or tax liabilities.
What was the reference price for the August 15, 2026 equity transactions at MCHP?
The vesting and conversion transactions for Joseph R. Krawczyk II used a reference price of $80.26 per share. This price applied to both the common stock acquired upon RSU/PSU vesting and the shares delivered or withheld to satisfy exercise price or tax obligations.
How were Performance Stock Units at MCHP earned for Joseph R. Krawczyk II?
Each Performance Stock Unit represented a contingent right to common shares based on cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025. The target number assumed a 40.0% margin, with actual shares higher or lower depending on performance.
When did the earned Performance Stock Units for MCHP’s Joseph R. Krawczyk II vest?
Earned Performance Stock Units vested on August 15, 2026, and vested shares were delivered upon vesting. These PSUs were granted under Microchip’s 2004 Equity Incentive Plan and depended on performance over the 12-quarter period ending June 30, 2025.
Were the MCHP insider transactions by Joseph R. Krawczyk II under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox was not affirmatively marked for these transactions. The disclosure does not state that the August 15, 2026 vesting and related share deliveries or withholdings occurred under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
