Ganesh Moorthy - Nov 15, 2023 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
President & CEO, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
Nov 15, 2023
Transactions value $
$855,855
Form type
4
Date filed
11/17/2023, 04:47 PM
Previous filing
Oct 4, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $970K +11.8K +1.52% $82.50 785K Nov 15, 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$415K -5.04K -0.64% $82.50 780K Nov 15, 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $528K +6.4K +0.82% $82.50 787K Nov 15, 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$226K -2.74K -0.35% $82.50 784K Nov 15, 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 -11.8K -100% $0.00* 0 Nov 15, 2023 Common Stock 11.8K $82.50 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -6.4K -12.5% $0.00 44.8K Nov 15, 2023 Common Stock 6.4K $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.