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MICROCHIP TECHNOLOGY INC — Director's Dealing 2024
Nov 19, 2024
30107_dirs_2024-11-19_c49fd734-68a5-4318-b851-a86f7e097cde.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICROCHIP TECHNOLOGY INC (MCHP)
CIK: 0000827054
Period of Report: 2024-11-15
Reporting Person: Bunker Mathew B (SENIOR VP, OPERATIONS)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-15 | Common Stock | M | 1058 | $62.86 | Acquired | 21704 | Indirect |
| 2024-11-15 | Common Stock | F | 295 | $62.86 | Disposed | 21409 | Indirect |
| 2024-11-15 | Common Stock | M | 1025 | $62.86 | Acquired | 22434 | Indirect |
| 2024-11-15 | Common Stock | F | 286 | $62.86 | Disposed | 22148 | Indirect |
| 2024-11-15 | Common Stock | M | 870 | $62.86 | Acquired | 23018 | Indirect |
| 2024-11-15 | Common Stock | F | 243 | $62.86 | Disposed | 22775 | Indirect |
| 2024-11-15 | Common Stock | M | 700 | $62.86 | Acquired | 23475 | Indirect |
| 2024-11-15 | Common Stock | F | 195 | $62.86 | Disposed | 23280 | Indirect |
| 2024-11-15 | Common Stock | M | 452 | $62.86 | Acquired | 23732 | Indirect |
| 2024-11-15 | Common Stock | F | 126 | $62.86 | Disposed | 23606 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-15 | Restricted Stock Units | $62.86 | M | 1058 | Disposed | Common Stock (1058) | Direct | |
| 2024-11-15 | Performance Stock Units | $62.86 | M | 1025 | Disposed | Common Stock (1025) | Direct | |
| 2024-11-15 | Restricted Stock Units | $62.86 | M | 870 | Disposed | Common Stock (870) | Direct | |
| 2024-11-15 | Performance Stock Units | $62.86 | M | 700 | Disposed | Common Stock (700) | Direct | |
| 2024-11-15 | Restricted Stock Units | $62.86 | M | 452 | Disposed | Common Stock (452) | Direct |
Footnotes
F1: Of the 21,704 shares held, 21,629 are held directly, and 75 shares are held by the Reporting Person's daughter.
F2: Of the 21,409 shares held, 21,334 are held directly, and 75 shares are held by the Reporting Person's daughter.
F3: Of the 22,434 shares held, 22,359 are held directly, and 75 shares are held by the Reporting Person's daughter.
F4: Of the 22,148 shares held, 22,073 are held directly, and 75 shares are held by the Reporting Person's daughter.
F5: Of the 23,018 shares held, 22,943 are held directly, and 75 shares are held by the Reporting Person's daughter.
F6: Of the 22,775 shares held, 22,700 are held directly, and 75 shares are held by the Reporting Person's daughter.
F7: Of the 23,475 shares held, 23,400 are held directly, and 75 shares are held by the Reporting Person's daughter.
F8: Of the 23,280 shares held, 23,205 are held directly, and 75 shares are held by the Reporting Person's daughter.
F9: Of the 23,732 shares held, 23,657 are held directly, and 75 shares are held by the Reporting Person's daughter.
F10: Of the 23,606 shares held, 23,531 are held directly, and 75 shares are held by the Reporting Person's daughter.
F11: The restricted stock units vested in full on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F12: 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.
F13: The restricted stock units vest in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F14: 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.