Richard J. Simoncic - Nov 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
Nov 15, 2024
Transactions value $
$267,029
Form type
4
Date filed
11/19/2024, 04:42 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 $111K +1.77K +1.29% $62.86 139K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$47.2K -751 -0.54% $62.86 139K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $108K +1.71K +1.24% $62.86 140K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$45.7K -727 -0.52% $62.86 140K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $44.1K +702 +0.5% $62.86 140K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$15.3K -244 -0.17% $62.86 140K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $76.8K +1.22K +0.87% $62.86 141K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$32.6K -518 -0.37% $62.86 141K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $46.3K +736 +0.52% $62.86 141K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$19.6K -312 -0.22% $62.86 141K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $71.8K +1.14K +0.81% $62.86 142K Nov 15, 2024 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$30.4K -484 -0.34% $62.86 142K Nov 15, 2024 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 -1.77K -100% $0.00 0 Nov 15, 2024 Common Stock 1.77K $62.86 Direct F1
transaction MCHP Performance Stock Units Options Exercise $0 -1.71K -100% $0.00 0 Nov 15, 2024 Common Stock 1.71K $62.86 Direct F2
transaction MCHP Restricted Stock Units Options Exercise $0 -702 -12.5% $0.00 4.91K Nov 15, 2024 Common Stock 702 $62.86 Direct F3
transaction MCHP Performance Stock Units Options Exercise $0 -1.22K -19.9% $0.00 4.92K Nov 15, 2024 Common Stock 1.22K $62.86 Direct F4
transaction MCHP Restricted Stock Units Options Exercise $0 -736 -100% $0.00 0 Nov 15, 2024 Common Stock 736 $62.86 Direct F1
transaction MCHP Performance Stock Units Options Exercise $0 -1.14K -100% $0.00 0 Nov 15, 2024 Common Stock 1.14K $62.86 Direct F5
* 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, 2024. Vested shares were delivered to the reporting person upon vest.
F2 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.
F3 The restricted stock units vest in four quarterly installments of 1,406 shares beginning November 15, 2023, one quarterly installment of 702 shares on November 15, 2024, one quarterly installment of 704 shares on February 15, 2025 and six quarterly installments of 702 shares beginning on May 15, 2025 as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
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 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 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 vested ratably over eight quarters beginning on November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
F5 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.