Steve Sanghi - May 15, 2024 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
May 15, 2024
Transactions value $
$1,293,940
Form type
4
Date filed
5/17/2024, 05:04 PM
Previous filing
Apr 5, 2024
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $1.6M +16.8K +0.17% $95.36 10.1M May 15, 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F1
transaction MCHP Common Stock Tax liability -$661K -6.93K -0.07% $95.36 10.1M May 15, 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F2
transaction MCHP Common Stock Options Exercise $609K +6.39K +0.06% $95.36 10.1M May 15, 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F3
transaction MCHP Common Stock Tax liability -$252K -2.64K -0.03% $95.36 10.1M May 15, 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F4

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 -16.8K -100% $0.00* 0 May 15, 2024 Common Stock 16.8K $95.36 Direct F5
transaction MCHP Performance Stock Units Options Exercise $0 -16.8K -100% $0.00* 0 May 15, 2024 Common Stock 16.8K $95.36 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 10,107,171 shares held, 4,201,299 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F2 Of the 10,100,244 shares held, 4,194,372 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F3 Of the 10,106,632 shares held, 4,200,760 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F4 Of the 10,103,990 shares held, 4,198,118 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F5 The restricted stock units vested in full on May 15, 2024. Vested shares were 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 the relative total shareholder return (TSR) of Microchip common stock compared to a peer group of twenty companies over a two-year period ending on March 31, 2022. The target number of PSU shares that may be earned is reported in the table above, the minimum number of shares that may be earned is zero if Microchip's TSR is at or lower than the 25th percentile of the peer group and the maximum number of shares that may be earned is 200% of the target if Microchip's TSR is at or higher than the 75th percentile of the peer group. Earned PSUs vested on May 15, 2024. Vested shares were delivered to the reporting person upon vest.