RICHARD J. SIMONCIC - 15 Nov 2023 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
Exec VP, Analog/Intrfce BU
Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 Nov 2023
Transactions value $
$242,963
Form type
4
Filing time
17 Nov 2023, 16:49:40 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 $306K +3.71K +2.94% $82.50 130K 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$130K -1.57K -1.21% $82.50 128K 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $116K +1.41K +1.1% $82.50 130K 15 Nov 2023 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$49.2K -596 -0.46% $82.50 129K 15 Nov 2023 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 -3.71K -100% $0.00* 0 15 Nov 2023 Common Stock 3.71K $82.50 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -1.41K -12.51% $0.00 9.84K 15 Nov 2023 Common Stock 1.41K $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 three 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.