Richard J. Simoncic - 15 May 2025 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Signature
Deborah L. Wussler, as Attorney-in-Fact
Issuer symbol
MCHP
Transactions as of
15 May 2025
Transactions value $
$194,803
Form type
4
Filing time
19 May 2025, 17:16:01
Previous filing
03 Apr 2025
Next filing
03 Jul 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SIMONCIC RICHARD J CHIEF OPERATING OFFICER C/O MICROCHIP TECHNOLOGY INCORPORATED, 2355 WEST CHANDLER BOULEVARD, CHANDLER Deborah L. Wussler, as Attorney-in-Fact 19 May 2025 0001181945

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $69.9K +1.15K +0.79% $60.80 147K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$19.2K -315 -0.21% $60.80 147K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $81.4K +1.34K +0.91% $60.80 148K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$22.3K -366 -0.25% $60.80 148K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $42.7K +702 +0.47% $60.80 149K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$11.7K -192 -0.13% $60.80 149K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Options Exercise $74.3K +1.22K +0.82% $60.80 150K 15 May 2025 Shares held Indirectly, by Trust.
transaction MCHP Common Stock Tax liability -$20.4K -335 -0.22% $60.80 149K 15 May 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 Performance Stock Units Options Exercise $0 -1.15K -100% $0.00 0 15 May 2025 Common Stock 1.15K $60.80 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -1.34K -100% $0.00 0 15 May 2025 Common Stock 1.34K $60.80 Direct F2
transaction MCHP Restricted Stock Units Options Exercise $0 -702 -16.67% $0.00 3.51K 15 May 2025 Common Stock 702 $60.80 Direct F3
transaction MCHP Performance Stock Units Options Exercise $0 -1.22K -25.82% $0.00 3.51K 15 May 2025 Common Stock 1.22K $60.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 March 31, 2023. 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 will vest on May 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.
F2 The restricted stock units will vest in full on May 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 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 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 November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.