Steve Sanghi - Jan 2, 2025 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
CHAIR OF THE BOARD, Director
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
1/6/2025, 05:00 PM
Previous filing
Dec 12, 2024
Next filing
Feb 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MCHP Common Stock 10.1M Jan 2, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F1

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 Award $0 +129K $0.00 129K Jan 2, 2025 Common Stock 129K Direct F2, F3
transaction MCHP Restricted Stock Units Award $0 +115K $0.00 115K Jan 2, 2025 Common Stock 115K Direct F2, F4
transaction MCHP Restricted Stock Units Award $0 +148K $0.00 148K Jan 2, 2025 Common Stock 148K Direct F2, F5
transaction MCHP Restricted Stock Units Award $0 +357 $0.00 357 Jan 2, 2025 Common Stock 357 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
F3 The restricted stock units will vest in full on February 15, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
F4 The restricted stock units will vest in two equal quarterly installments of 28,853 shares on May 15, 2026 and August 15, 2026, and two equal quarterly installments of 28,854 shares on November 15, 2026 and February 15, 2027, as long as the individual remains a service provider through the vesting date(s).
F5 The restricted stock units will vest in three equal quarterly installments of 37,033 shares on May 15, 2027, August 15, 2027, and November 15, 2027, and one quarterly installments of 37,034 shares on February 15, 2028, as long as the individual remains a service provider through the vesting date(s).
F6 The restricted stock units will vest in full on November 15, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.