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MICROCHIP TECHNOLOGY INC — Director's Dealing 2024
Jul 3, 2024
30107_dirs_2024-07-03_355a60bb-2484-4edc-977a-01951878d4f4.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: 2024-07-01
Reporting Person: MOORTHY GANESH (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-01 | Restricted Stock Units | $ | A | 9753 | Acquired | Common Stock (9753) | Direct | |
| 2024-07-01 | Performance Stock Units | $ | A | 9754 | Acquired | Common Stock (9754) | Direct | |
| 2024-07-01 | Restricted Stock Units | $ | A | 384 | Acquired | Common Stock (384) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 801135 | Indirect |
Footnotes
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 August 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.
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 June 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 August 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.
F5: The restricted stock units will vest in full on May 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.