Form 4 for MCHP Microchip Technology
Accepted 2025-02-20 00:00:00 ET · period of report 2025-02-15 · accession 0000827054-25-000029 · 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 | 2025-02-20 | 2025-02-15+ | MCHP | SANGHI STEVE | COB OF THE BOARD, Dir | F - Tax | $57.86 | -6,541 | 10.15M | -0.1% | -$378.5K |
| DMI | 2025-02-20 | 2025-02-15+ | MCHP | SANGHI STEVE | COB OF THE BOARD, Dir | M - OptEx | $57.86 | +22.0K | 10.15M | +0.2% | +$1.27M |
| DM | 2025-02-20 | 2025-02-15+ | MCHP | SANGHI STEVE | COB OF THE BOARD, Dir | M - OptEx | $0.00 | -22.0K | 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 | 2025-02-17 | F | D | 708 | $57.86 | 10,154,713 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F7) Of the 10,154,713 shares held, 4,248,841 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 2 | Common | Common Stock | 2025-02-17 | M | A | 1,803 | $57.86 | 10,156,516 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F8) Of the 10,156,516 shares held, 4,250,644 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 3 | Common | Common Stock | 2025-02-17 | F | D | 746 | $57.86 | 10,155,770 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F9) Of the 10,155,770 shares held, 4,249,898 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 4 | Common | Common Stock | 2025-02-17 | M | A | 1,711 | $57.86 | 10,155,421 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F6) Of the 10,155,421 shares held, 4,249,549 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 5 | Common | Common Stock | 2025-02-15 | F | D | 2,387 | $57.86 | 10,153,710 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F5) Of the 10,153,710 shares held, 4,247,838 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 6 | Common | Common Stock | 2025-02-15 | M | A | 8,871 | $57.86 | 10,156,097 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F4) Of the 10,156,097 shares held, 4,250,225 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 7 | Common | Common Stock | 2025-02-15 | M | A | 9,580 | $57.86 | 10,149,926 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F2) Of the 10,149,926 shares held, 4,244,054 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 8 | Common | Common Stock | 2025-02-15 | F | D | 2,700 | $57.86 | 10,147,226 | I Shares held Indirectly, by Trust and by Family Limited Partnership. | — | — | (F3) Of the 10,147,226 shares held, 4,241,354 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. |
| 9 | Derivative | Restricted Stock Units | 2025-02-15 | M | D | 9,580 | $0.00 | 0 | D | $57.86 · — to — | 9,580 Common Stock | (F10) The restricted stock units vested in full on February 15, 2025. Vested shares were delivered to the reporting person upon vest. |
| 10 | Derivative | Performance Stock Units | 2025-02-15 | M | D | 8,871 | $0.00 | 0 | D | $57.86 · — to — | 9,580 Common Stock | (F11) 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 December 31, 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 February 15, 2025. Vested shares were delivered to the reporting person upon vest. |
| 11 | Derivative | Restricted Stock Units | 2025-02-17 | M | D | 1,711 | $0.00 | 0 | D | $57.86 · — to — | 1,711 Common Stock | (F12) The restricted stock units vested in full on February 17, 2025. Vested shares were delivered to the reporting person upon vest. |
| 12 | Derivative | Performance Stock Units | 2025-02-17 | M | D | 1,803 | $0.00 | 0 | D | $57.86 · — to — | 1,712 Common Stock | (F13) 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 December 31, 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 February 17, 2025. Vested shares were delivered to the reporting person upon vest. |