Steve Sanghi - Feb 15, 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
Feb 15, 2025
Transactions value $
$892,433
Form type
4
Date filed
2/20/2025, 04:51 PM
Previous filing
Feb 3, 2025
Next filing
Apr 3, 2025
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 $554K +9.58K +0.09% $57.86 10.1M Feb 15, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F2
transaction MCHP Common Stock Tax liability -$156K -2.7K -0.03% $57.86 10.1M Feb 15, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F3
transaction MCHP Common Stock Options Exercise $513K +8.87K +0.09% $57.86 10.2M Feb 15, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F4
transaction MCHP Common Stock Tax liability -$138K -2.39K -0.02% $57.86 10.2M Feb 15, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F5
transaction MCHP Common Stock Options Exercise $99K +1.71K +0.02% $57.86 10.2M Feb 17, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F6
transaction MCHP Common Stock Tax liability -$41K -708 -0.01% $57.86 10.2M Feb 17, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F7
transaction MCHP Common Stock Options Exercise $104K +1.8K +0.02% $57.86 10.2M Feb 17, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F8
transaction MCHP Common Stock Tax liability -$43.2K -746 -0.01% $57.86 10.2M Feb 17, 2025 Shares held Indirectly, by Trust and by Family Limited Partnership. F9
holding MCHP Common Stock 10.1M Feb 15, 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 Options Exercise $0 -9.58K -100% $0.00 0 Feb 15, 2025 Common Stock 9.58K $57.86 Direct F10
transaction MCHP Performance Stock Units Options Exercise $0 -8.87K -100% $0.00 0 Feb 15, 2025 Common Stock 9.58K $57.86 Direct F11
transaction MCHP Restricted Stock Units Options Exercise $0 -1.71K -100% $0.00 0 Feb 17, 2025 Common Stock 1.71K $57.86 Direct F12
transaction MCHP Performance Stock Units Options Exercise $0 -1.8K -100% $0.00 0 Feb 17, 2025 Common Stock 1.71K $57.86 Direct F13
* 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 Of the 10,149,926 shares held, 4,244,054 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F3 Of the 10,147,226 shares held, 4,241,354 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F4 Of the 10,156,097 shares held, 4,250,225 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F5 Of the 10,153,710 shares held, 4,247,838 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F6 Of the 10,155,421 shares held, 4,249,549 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F7 Of the 10,154,713 shares held, 4,248,841 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F8 Of the 10,156,516 shares held, 4,250,644 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F9 Of the 10,155,770 shares held, 4,249,898 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
F10 The restricted stock units vested in full on February 15, 2025. Vested shares were delivered to the reporting person upon vest.
F11 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.
F12 The restricted stock units vested in full on February 17, 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 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.