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MICROCHIP TECHNOLOGY INC — Director's Dealing 2024
May 17, 2024
30107_dirs_2024-05-17_a5e0b482-c66e-4e34-8f6f-01fb02233abb.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: 2024-05-15
Reporting Person: DREHOBL STEPHEN V (Senior VP, MCU8/MCU16 BU)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-15 | Common Stock | M | 3788 | $95.36 | Acquired | 85991 | Direct |
| 2024-05-15 | Common Stock | F | 1133 | $95.36 | Disposed | 84858 | Direct |
| 2024-05-15 | Common Stock | M | 1445 | $95.36 | Acquired | 86303 | Direct |
| 2024-05-15 | Common Stock | F | 388 | $95.36 | Disposed | 85915 | Direct |
| 2024-05-15 | Common Stock | M | 1948 | $95.36 | Acquired | 87863 | Direct |
| 2024-05-15 | Common Stock | F | 524 | $95.36 | Disposed | 87339 | Direct |
| 2024-05-16 | Common Stock | S | 7830 | $95.06 | Disposed | 79509 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-15 | Restricted Stock Units | $95.36 | M | 3788 | Disposed | Common Stock (3788) | Direct | |
| 2024-05-15 | Performance Stock Units | $95.36 | M | 3790 | Disposed | Common Stock (3790) | Direct | |
| 2024-05-15 | Restricted Stock Units | $95.36 | M | 1948 | Disposed | Common Stock (1948) | Direct |
Footnotes
F1: The restricted stock units vested in full on May 15, 2024. Vested shares were delivered to the reporting person upon vest.
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 March 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 May 15, 2024. Vested shares were delivered to the reporting person upon vest.
F3: The restricted stock units vest in four quarterly installments of 1,948 shares beginning November 15, 2023, and eight quarterly installments of 972 shares beginning on November 15, 2024, as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.