Key facts
- This page summarizes Stephen Drehobl V's Form 4 filing for MICROCHIP TECHNOLOGY INC (MCHP).
- 10 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 17 May 2024, 17:03.
Stephen Drehobl V - 15 May 2024 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)
- Reporting relationship
- Senior VP, MCU8/MCU16 BU
- Issuer ticker
- MCHP
- Reported as of
- 15 May 2024
- Net transaction value
- -$254,551
- SEC form
- 4
- Accepted by SEC
- 17 May 2024, 17:03:20 UTC
- Prior SEC filing
- 10 May 2024
- Source filing
- View source filing
- Reporting owner signature
- Deborah L. Wussler, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Stephen Drehobl V filed Form 4 for MICROCHIP TECHNOLOGY INC (MCHP) on 17 May 2024.
Change
- Previous filing in this sequence was filed on 10 May 2024.
- Current net transaction value: -$254,551.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MCHP
transaction
Common Stock
Options Exercise
- Transaction value
- $361,224
- Shares
- +3,788
- Change %
- +4.6%
- Price
- $95.36
- Shares after
- 85,991
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Tax liability
- Transaction value
- $108,043
- Shares
- -1,133
- Change %
- -1.3%
- Price
- $95.36
- Shares after
- 84,858
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Options Exercise
- Transaction value
- $137,795
- Shares
- +1,445
- Change %
- +1.7%
- Price
- $95.36
- Shares after
- 86,303
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Tax liability
- Transaction value
- $37,000
- Shares
- -388
- Change %
- -0.45%
- Price
- $95.36
- Shares after
- 85,915
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Options Exercise
- Transaction value
- $185,761
- Shares
- +1,948
- Change %
- +2.3%
- Price
- $95.36
- Shares after
- 87,863
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Tax liability
- Transaction value
- $49,969
- Shares
- -524
- Change %
- -0.6%
- Price
- $95.36
- Shares after
- 87,339
- Date
- 15 May 2024
- Ownership
- Direct
MCHP
transaction
Common Stock
Sale
- Transaction value
- $744,320
- Shares
- -7,830
- Change %
- -9%
- Price
- $95.06
- Shares after
- 79,509
- Date
- 16 May 2024
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MCHP
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,788
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 15 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,788
- Exercise price
- $95.36
- Footnotes
- F1
MCHP
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -3,790
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 15 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,790
- Exercise price
- $95.36
- Footnotes
- F2
MCHP
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -1,948
- Change %
- -17%
- Price
- $0.000000
- Shares after
- 9,724
- Date
- 15 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,948
- Exercise price
- $95.36
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The restricted stock units vested in full on May 15, 2024. Vested shares were delivered to the reporting person upon vest.
Footnote 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 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.
Footnote F3
The restricted stock units vest in four quarterly installments of 1,948 shares beginning November 15, 2023, and eight quarterly installments of 972 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.