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MICROCHIP TECHNOLOGY INC — Director's Dealing 2024
Oct 3, 2024
30107_dirs_2024-10-03_b1275acd-501b-41d6-a82d-74362d0b3a25.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: 2024-10-01
Reporting Person: MOORTHY GANESH (Director, PRESIDENT AND CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-01 | Performance Stock Units | $ | A | 11528 | Acquired | Common Stock (11528) | Direct | |
| 2024-10-01 | Restricted Stock Units | $ | A | 11528 | Acquired | Common Stock (11528) | Direct | |
| 2024-10-01 | Restricted Stock Units | $ | A | 530 | Acquired | Common Stock (530) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 808273 | Indirect |
Footnotes
F1: Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated 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 Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending September 30, 2027. 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 will vest on November 15, 2028 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.
F3: Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
F4: The restricted stock units will vest in full on November 15, 2028 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
F5: The restricted stock units will vest in full on August 15, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.