Steve Sanghi - 15 Nov 2024 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 Nov 2024
Net transactions value
+$1,815,523
Form type
4
Filing time
19 Nov 2024, 16:41:34 UTC
Previous filing
19 Aug 2024
Next filing
12 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $771,669 +12,276 +0.12% $62.86 10,123,740 15 Nov 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F1
transaction MCHP Common Stock Options Exercise $746,022 +11,868 +0.12% $62.86 10,135,608 15 Nov 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F2
transaction MCHP Common Stock Options Exercise $116,794 +1,858 +0.02% $62.86 10,137,466 15 Nov 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F3
transaction MCHP Common Stock Options Exercise $181,037 +2,880 +0.03% $62.86 10,140,346 15 Nov 2024 Shares held Indirectly, by Trust and by Family Limited Partnership. F4

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 -12,276 -100% $0.000000 0 15 Nov 2024 Common Stock 12,276 $62.86 Direct F5
transaction MCHP Performance Stock Units Options Exercise $0 -11,868 -100% $0.000000 0 15 Nov 2024 Common Stock 11,868 $62.86 Direct F6
transaction MCHP Restricted Stock Units Options Exercise $0 -1,858 -100% $0.000000 0 15 Nov 2024 Common Stock 1,858 $62.86 Direct F5
transaction MCHP Performance Stock Units Options Exercise $0 -2,880 -100% $0.000000 0 15 Nov 2024 Common Stock 2,880 $62.86 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 10,123,740 shares held, 4,217,868 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F2 Of the 10,135,608 shares held, 4,229,736 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F3 Of the 10,137,466 shares held, 4,231,594 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F4 Of the 10,140,346 shares held, 4,234,474 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F5 The restricted stock units vested in full on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F6 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.
F7 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.