Richard J. Simoncic - 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 $
$244,401
Form type
4
Date filed
2/20/2025, 04:52 PM
Previous filing
Jan 27, 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 $80K +1.38K +0.97% $57.86 143K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$24.8K -429 -0.3% $57.86 143K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $74.1K +1.28K +0.9% $57.86 144K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$24.2K -418 -0.29% $57.86 144K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $40.7K +704 +0.49% $57.86 144K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$11.2K -193 -0.13% $57.86 144K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $70.7K +1.22K +0.85% $57.86 145K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$19.4K -335 -0.23% $57.86 145K Feb 15, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $39.2K +678 +0.47% $57.86 146K Feb 17, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$10.8K -186 -0.13% $57.86 145K Feb 17, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $41.4K +715 +0.49% $57.86 146K Feb 17, 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$11.3K -196 -0.13% $57.86 146K Feb 17, 2025 Shares held Indirectly, by Trust.
holding MCHP Common Stock 142K Feb 15, 2025 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 -1.38K -100% $0.00 0 Feb 15, 2025 Common Stock 1.38K $57.86 Direct F1
transaction MCHP Performance Stock Units Options Exercise $0 -1.28K -92.62% $0.00 102 Feb 15, 2025 Common Stock 1.38K $57.86 Direct F2
transaction MCHP Restricted Stock Units Options Exercise $0 -704 -14.32% $0.00 4.21K Feb 15, 2025 Common Stock 704 $57.86 Direct F3
transaction MCHP Performance Stock Units Options Exercise $0 -1.22K -22.49% $0.00 4.21K Feb 15, 2025 Common Stock 702 $57.86 Direct F4
transaction MCHP Restricted Stock Units Options Exercise $0 -678 -100% $0.00 0 Feb 17, 2025 Common Stock 678 $57.86 Direct F5
transaction MCHP Performance Stock Units Options Exercise $0 -715 -100% $0.00 0 Feb 17, 2025 Common Stock 679 $57.86 Direct F6
* 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 February 15, 2025. Vested shares were delivered to the reporting person upon vest.
F2 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.
F3 The restricted stock units vest in four 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. Vested shares were delivered to the reporting person upon vest.
F4 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 12 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 12 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 ratably over eight quarters beginning on February 15, 2025 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
F5 The restricted stock units vested in full on February 17, 2025. 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 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.