James Eric Bjornholt - Oct 1, 2021 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role: Senior VP and CFO
Signature: Deborah L. Wussler, as Attorney-in-Fact
Stock symbol: MCHP
Transactions as of: Oct 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/5/2021, 05:31 PM
Previous filing: Sep 2, 2021
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCHP	Common Stock						29.5K	Oct 1, 2021	Shares held Indirectly, by Trust.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MCHP	Restricted Stock Units	Award	$0	+777		$0.00	777	Oct 1, 2021	Common Stock	777		Direct	F1, F2
transaction	MCHP	Performance Stock Units	Award	$0	+778		$0.00	778	Oct 1, 2021	Common Stock	778		Direct	F3, F4
transaction	MCHP	Restricted Stock Units	Award	$0	+6.22K		$0.00	6.22K	Oct 1, 2021	Common Stock	6.22K		Direct	F1, F5
transaction	MCHP	Performance Stock Units	Award	$0	+3.11K		$0.00	3.11K	Oct 1, 2021	Common Stock	3.11K		Direct	F3, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 November 15, 2025 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 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 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, 2025 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 vest in three quarterly installments of 778 shares beginning November 15, 2023, one quarterly installment of 777 shares on August 15, 2024, and eight quarterly installments of 388 shares beginning on November 15, 2024, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
F6	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, 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 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 ratably over eight quarters beginning on November 15, 2024 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.