Microchip grants Bunker stock and performance awards
The SR Corporate VP, Operations performance-unit award is tied to a 35.0% margin target over 12 quarters ending September 30, 2029.
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Rhea-AI Filing Summary
Microchip Technology Inc. reported that Senior Corporate VP, Operations Mathew B. Bunker was granted 1,911 restricted stock units and a target of 1,911 performance stock units on October 1, 2026; each unit represents a contingent right to one common share. Both awards vest November 15, 2030, if he remains a service provider through that date. The performance units are measured against cumulative non-GAAP operating margin over 12 quarters ending September 30, 2029, with a 35.0% target; the number earned may be higher or lower. Bunker held 20,243 common shares directly as of October 1, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 1,911 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units F3, F4 | 1,911 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F2. The restricted stock units will vest in full on November 15, 2030 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- F3. Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- F4. 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, 2029. 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 35.0% 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 on November 15, 2030 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
Key Figures
Key Terms
Restricted Stock Units financial
Performance Stock Units financial
cumulative non-GAAP operating margin financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many MCHP stock units did Mathew B. Bunker receive?
How are Mathew B. Bunker's MCHP performance stock units determined?
When do Mathew B. Bunker's MCHP stock unit awards vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.