Stephen V. Drehobl - 15 Nov 2023 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
Senior VP, MCU8/MCU16 BU
Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 Nov 2023
Transactions value $
$375,788
Form type
4
Filing time
17 Nov 2023, 16:44:57 UTC
Previous filing
04 Oct 2023
Next filing
31 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $459K +5.56K +6.63% $82.50 89.5K 15 Nov 2023 Direct
transaction MCHP Common Stock Tax liability -$181K -2.19K -2.45% $82.50 87.3K 15 Nov 2023 Direct
transaction MCHP Common Stock Options Exercise $161K +1.95K +2.23% $82.50 89.2K 15 Nov 2023 Direct
transaction MCHP Common Stock Tax liability -$63.3K -767 -0.86% $82.50 88.4K 15 Nov 2023 Direct

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 -5.56K -100% $0.00* 0 15 Nov 2023 Common Stock 5.56K $82.50 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -1.95K -12.51% $0.00 13.6K 15 Nov 2023 Common Stock 1.95K $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 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 will be delivered to the reporting person upon vest.