Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | MCHP | Common Stock | 124K | Jul 5, 2023 | Shares held Indirectly, by Trust. |
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 | +2.59K | $0.00 | 2.59K | Jul 5, 2023 | Common Stock | 2.59K | Direct | F1, F2 | ||
transaction | MCHP | Performance Stock Units | Award | $0 | +2.59K | $0.00 | 2.59K | Jul 5, 2023 | Common Stock | 2.59K | Direct | F3, F4 |
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 August 15, 2027 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, 2026. 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 August 15, 2027 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. |