Mathew B. Bunker - Nov 15, 2024 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
SENIOR VP, OPERATIONS
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
Nov 15, 2024
Transactions value $
$186,066
Form type
4
Date filed
11/19/2024, 04:39 PM
Previous filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $66.5K +1.06K +5.12% $62.86 21.7K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F1
transaction MCHP Common Stock Tax liability -$18.5K -295 -1.36% $62.86 21.4K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F2
transaction MCHP Common Stock Options Exercise $64.4K +1.03K +4.79% $62.86 22.4K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F3
transaction MCHP Common Stock Tax liability -$18K -286 -1.27% $62.86 22.1K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F4
transaction MCHP Common Stock Options Exercise $54.7K +870 +3.93% $62.86 23K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F5
transaction MCHP Common Stock Tax liability -$15.3K -243 -1.06% $62.86 22.8K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F6
transaction MCHP Common Stock Options Exercise $44K +700 +3.07% $62.86 23.5K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F7
transaction MCHP Common Stock Tax liability -$12.3K -195 -0.83% $62.86 23.3K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F8
transaction MCHP Common Stock Options Exercise $28.4K +452 +1.94% $62.86 23.7K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F9
transaction MCHP Common Stock Tax liability -$7.92K -126 -0.53% $62.86 23.6K Nov 15, 2024 Shares held Directly and Indirectly by Daughter. F10

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 -1.06K -100% $0.00 0 Nov 15, 2024 Common Stock 1.06K $62.86 Direct F11
transaction MCHP Performance Stock Units Options Exercise $0 -1.03K -100% $0.00 0 Nov 15, 2024 Common Stock 1.03K $62.86 Direct F12
transaction MCHP Restricted Stock Units Options Exercise $0 -870 -100% $0.00 0 Nov 15, 2024 Common Stock 870 $62.86 Direct F13
transaction MCHP Performance Stock Units Options Exercise $0 -700 -100% $0.00 0 Nov 15, 2024 Common Stock 700 $62.86 Direct F14
transaction MCHP Restricted Stock Units Options Exercise $0 -452 -100% $0.00 0 Nov 15, 2024 Common Stock 452 $62.86 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 21,704 shares held, 21,629 are held directly, and 75 shares are held by the Reporting Person's daughter.
F2 Of the 21,409 shares held, 21,334 are held directly, and 75 shares are held by the Reporting Person's daughter.
F3 Of the 22,434 shares held, 22,359 are held directly, and 75 shares are held by the Reporting Person's daughter.
F4 Of the 22,148 shares held, 22,073 are held directly, and 75 shares are held by the Reporting Person's daughter.
F5 Of the 23,018 shares held, 22,943 are held directly, and 75 shares are held by the Reporting Person's daughter.
F6 Of the 22,775 shares held, 22,700 are held directly, and 75 shares are held by the Reporting Person's daughter.
F7 Of the 23,475 shares held, 23,400 are held directly, and 75 shares are held by the Reporting Person's daughter.
F8 Of the 23,280 shares held, 23,205 are held directly, and 75 shares are held by the Reporting Person's daughter.
F9 Of the 23,732 shares held, 23,657 are held directly, and 75 shares are held by the Reporting Person's daughter.
F10 Of the 23,606 shares held, 23,531 are held directly, and 75 shares are held by the Reporting Person's daughter.
F11 The restricted stock units vested in full on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F12 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 September 30, 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 November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F13 The restricted stock units vest in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F14 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 8 quarters ending September 30, 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 8 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 vested on November 15, 2024. Vested shares were delivered to the reporting person upon vest.