Mathew B. Bunker - Feb 15, 2025 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
Feb 15, 2025
Transactions value $
$131,053
Form type
4
Date filed
2/20/2025, 04:50 PM
Previous filing
Jan 6, 2025
Next filing
Mar 5, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $47.8K +826 +3.5% $57.86 24.4K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F2
transaction MCHP Common Stock Tax liability -$15.9K -274 -1.12% $57.86 24.2K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F3
transaction MCHP Common Stock Options Exercise $44.4K +767 +3.17% $57.86 24.9K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F4
transaction MCHP Common Stock Tax liability -$14.8K -255 -1.02% $57.86 24.7K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F5
transaction MCHP Common Stock Options Exercise $50.3K +870 +3.53% $57.86 25.5K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F6
transaction MCHP Common Stock Tax liability -$16.7K -288 -1.13% $57.86 25.3K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. F7
transaction MCHP Common Stock Options Exercise $24.1K +416 +1.65% $57.86 25.7K Feb 17, 2025 Shares held Directly and Indirectly by Daughter. F8
transaction MCHP Common Stock Tax liability -$6.54K -113 -0.44% $57.86 25.6K Feb 17, 2025 Shares held Directly and Indirectly by Daughter. F9
transaction MCHP Common Stock Options Exercise $25.3K +438 +1.71% $57.86 26K Feb 17, 2025 Shares held Directly and Indirectly by Daughter. F10
transaction MCHP Common Stock Tax liability -$7.06K -122 -0.47% $57.86 25.9K Feb 17, 2025 Shares held Directly and Indirectly by Daughter. F11
holding MCHP Common Stock 23.6K Feb 15, 2025 Shares held Directly and Indirectly by Daughter. 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 Options Exercise $0 -826 -100% $0.00 0 Feb 15, 2025 Common Stock 826 $57.86 Direct F12
transaction MCHP Performance Stock Units Options Exercise $0 -767 -100% $0.00 0 Feb 15, 2025 Common Stock 828 $57.86 Direct F13
transaction MCHP Restricted Stock Units Options Exercise $0 -870 -14.29% $0.00 5.22K Feb 15, 2025 Common Stock 870 $57.86 Direct F14
transaction MCHP Restricted Stock Units Options Exercise $0 -416 -100% $0.00 0 Feb 17, 2025 Common Stock 416 $57.86 Direct F15
transaction MCHP Performance Stock Units Options Exercise $0 -438 -100% $0.00 0 Feb 17, 2025 Common Stock 416 $57.86 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 23,606 shares held, 23,531 are held directly, and 75 shares are held by the Reporting Person's daughter.
F2 Of the 24,432 shares held, 24,357 are held directly, and 75 shares are held by the Reporting Person's daughter.
F3 Of the 24,158 shares held, 24,083 are held directly, and 75 shares are held by the Reporting Person's daughter.
F4 Of the 24,925 shares held, 24,850 are held directly, and 75 shares are held by the Reporting Person's daughter.
F5 Of the 24,670 shares held, 24,595 are held directly, and 75 shares are held by the Reporting Person's daughter.
F6 Of the 25,540 shares held, 25,465 are held directly, and 75 shares are held by the Reporting Person's daughter.
F7 Of the 25,252 shares held, 25,177 are held directly, and 75 shares are held by the Reporting Person's daughter.
F8 Of the 25,668 shares held, 25,593 are held directly, and 75 shares are held by the Reporting Person's daughter.
F9 Of the 25,555 shares held, 25,480 are held directly, and 75 shares are held by the Reporting Person's daughter.
F10 Of the 25,993 shares held, 25,918 are held directly, and 75 shares are held by the Reporting Person's daughter.
F11 Of the 25,871 shares held, 25,796 are held directly, and 75 shares are held by the Reporting Person's daughter.
F12 The restricted stock units vested in full on February 15, 2025. Vested shares were delivered to the reporting person upon vest.
F13 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 December 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 February 15, 2025. Vested shares were delivered to the reporting person upon vest.
F14 The restricted stock units vest in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
F15 The restricted stock units vested in full on February 17, 2025. Vested shares were delivered to the reporting person upon vest.
F16 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 December 31, 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 February 17, 2025. Vested shares were delivered to the reporting person upon vest.