GANESH MOORTHY - 15 Nov 2023 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
President & CEO, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 Nov 2023
Net transactions value
+$855,855
Form type
4
Filing time
17 Nov 2023, 16:47:34 UTC
Previous filing
04 Oct 2023
Next filing
05 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $969,540 +11,752 +1.5% $82.50 785,194 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability $415,470 -5,036 -0.64% $82.50 780,158 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $528,165 +6,402 +0.82% $82.50 786,560 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability $226,380 -2,744 -0.35% $82.50 783,816 15 Nov 2023 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 Options Exercise $0 -11,752 -100% $0.000000* 0 15 Nov 2023 Common Stock 11,752 $82.50 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -6,402 -12% $0.000000 44,826 15 Nov 2023 Common Stock 6,402 $82.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vested in full on November 15, 2023. Vested shares were delivered to the reporting person upon vest.
F2 The restricted stock units vest in two quarterly installments of 6,402 shares beginning November 15, 2023, two quarterly installment of 6,404 shares on May 15, 2024, and eight quarterly installments of 3,202 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.