Quick Takeaways
- This page summarizes Richard J. Simoncic's Form 4 filing for MICROCHIP TECHNOLOGY INC (MCHP).
- 2 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 05 Jan 2022, 15:43.
Richard J. Simoncic - 03 Jan 2022 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)
- Signature
- Deborah L. Wussler, as Attorney-in-Fact
- Issuer symbol
- MCHP
- Transactions as of
- 03 Jan 2022
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 05 Jan 2022, 15:43:07 UTC
- Previous filing
- 07 Dec 2021
- Next filing
- 17 Feb 2022
- SEC
- View on sec.gov
Quoteable Key Fact
"Richard J. Simoncic filed Form 4 for MICROCHIP TECHNOLOGY INC (MCHP) on 05 Jan 2022."
What Changed
- Previous filing in this sequence was filed on 07 Dec 2021.
- Current net transaction value: $0.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MCHP | Common Stock | 107,272 | 03 Jan 2022 | 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 | +1,219 | $0.000000 | 1,219 | 03 Jan 2022 | Common Stock | 1,219 | Direct | F1, F2 | ||
| transaction | MCHP | Performance Stock Units | Award | $0 | +1,219 | $0.000000 | 1,219 | 03 Jan 2022 | Common Stock | 1,219 | Direct | F3, F4 |
* 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 February 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. |
| 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 December 31, 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 February 15, 2026 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. |