Form 4 for MCHP Microchip Technology
Accepted 2024-11-19 00:00:00 ET · period of report 2024-11-15 · accession 0000827054-24-000219 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-11-19 | 2024-11-15 | MCHP | SIMONCIC RICHARD J | COO | F - Tax | $62.86 | -3,036 | 139.5K | -2% | -$190.8K |
| DMI | 2024-11-19 | 2024-11-15 | MCHP | SIMONCIC RICHARD J | COO | M - OptEx | $62.86 | +7,284 | 140.2K | +5% | +$457.9K |
| DM | 2024-11-19 | 2024-11-15 | MCHP | SIMONCIC RICHARD J | COO | M - OptEx | $0.00 | -7,284 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-11-15 | F | D | 518 | $62.86 | 140,698 | I Shares held Indirectly, by Trust. | — | — | |
| 2 | Common | Common Stock | 2024-11-15 | M | A | 1,770 | $62.86 | 139,302 | I Shares held Indirectly, by Trust. | — | — | |
| 3 | Common | Common Stock | 2024-11-15 | F | D | 751 | $62.86 | 138,551 | I Shares held Indirectly, by Trust. | — | — | |
| 4 | Common | Common Stock | 2024-11-15 | M | A | 1,713 | $62.86 | 140,264 | I Shares held Indirectly, by Trust. | — | — | |
| 5 | Common | Common Stock | 2024-11-15 | F | D | 484 | $62.86 | 141,780 | I Shares held Indirectly, by Trust. | — | — | |
| 6 | Common | Common Stock | 2024-11-15 | M | A | 1,142 | $62.86 | 142,264 | I Shares held Indirectly, by Trust. | — | — | |
| 7 | Common | Common Stock | 2024-11-15 | F | D | 312 | $62.86 | 141,122 | I Shares held Indirectly, by Trust. | — | — | |
| 8 | Common | Common Stock | 2024-11-15 | M | A | 736 | $62.86 | 141,434 | I Shares held Indirectly, by Trust. | — | — | |
| 9 | Common | Common Stock | 2024-11-15 | M | A | 1,221 | $62.86 | 141,216 | I Shares held Indirectly, by Trust. | — | — | |
| 10 | Common | Common Stock | 2024-11-15 | F | D | 244 | $62.86 | 139,995 | I Shares held Indirectly, by Trust. | — | — | |
| 11 | Common | Common Stock | 2024-11-15 | M | A | 702 | $62.86 | 140,239 | I Shares held Indirectly, by Trust. | — | — | |
| 12 | Common | Common Stock | 2024-11-15 | F | D | 727 | $62.86 | 139,537 | I Shares held Indirectly, by Trust. | — | — | |
| 13 | Derivative | Restricted Stock Units | 2024-11-15 | M | D | 1,770 | $0.00 | 0 | D | $62.86 · — to — | 1,770 Common Stock | (F1) The restricted stock units vested in full on November 15, 2024. Vested shares were delivered to the reporting person upon vest. |
| 14 | Derivative | Performance Stock Units | 2024-11-15 | M | D | 1,142 | $0.00 | 0 | D | $62.86 · — to — | 1,142 Common Stock | (F5) 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 8 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 8 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, 2024. Vested shares were delivered to the reporting person upon vest. |
| 15 | Derivative | Restricted Stock Units | 2024-11-15 | M | D | 702 | $0.00 | 4,914 | D | $62.86 · — to — | 702 Common Stock | (F3) The restricted stock units vest in four quarterly installments of 1,406 shares beginning November 15, 2023, one quarterly installment of 702 shares on November 15, 2024, one quarterly installment of 704 shares on February 15, 2025 and six quarterly installments of 702 shares beginning on May 15, 2025 as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest. |
| 16 | Derivative | Performance Stock Units | 2024-11-15 | M | D | 1,221 | $0.00 | 4,916 | D | $62.86 · — to — | 1,221 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, 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 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. |
| 17 | Derivative | Performance Stock Units | 2024-11-15 | M | D | 1,713 | $0.00 | 0 | D | $62.86 · — to — | 1,713 Common Stock | (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 the relative total shareholder return (TSR) of Microchip common stock compared to a peer group of twenty companies over a two-year period ending on September 30, 2022. The target number of PSU shares that may be earned is reported in the table above, the minimum number of shares that may be earned is zero if Microchip's TSR is at or lower than the 25th percentile of the peer group and the maximum number of shares that may be earned is 200% of the target if Microchip's TSR is at or higher than the 75th percentile of the peer group. Earned PSUs vested on November 15, 2024. Vested shares were delivered to the reporting person upon vest. |
| 18 | Derivative | Restricted Stock Units | 2024-11-15 | M | D | 736 | $0.00 | 0 | D | $62.86 · — to — | 736 Common Stock | (F1) The restricted stock units vested in full on November 15, 2024. Vested shares were delivered to the reporting person upon vest. |