AI assistant
MICROCHIP TECHNOLOGY INC — Director's Dealing 2024
Apr 5, 2024
30107_dirs_2024-04-05_ae110337-5139-4b0f-8a1c-ce68a220a061.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICROCHIP TECHNOLOGY INC (MCHP)
CIK: 0000827054
Period of Report: 2024-04-03
Reporting Person: MOORTHY GANESH (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-03 | Performance Stock Units | $ | A | 9955 | Acquired | Common Stock (9955) | Direct | |
| 2024-04-03 | Restricted Stock Units | $ | A | 9954 | Acquired | Common Stock (9954) | Direct | |
| 2024-04-03 | Restricted Stock Units | $ | A | 196 | Acquired | Common Stock (196) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 791158 | 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 March 31, 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 42.0% 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 May 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 May 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 February 16, 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.