Filing Details
- Accession Number:
- 0000827054-24-000091
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-17 17:03:20
- Reporting Period:
- 2024-05-15
- Accepted Time:
- 2024-05-17 17:03:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 827054 | Microchip Technology Inc | MCHP | Semiconductors & Related Devices (3674) | 860629024 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1282830 | V Stephen Drehobl | C/O Microchip Technology Incorporated 2355 West Chandler Boulevard Chandler AZ 85224-6199 | Senior Vp, Mcu8/Mcu16 Bu | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-05-15 | 3,788 | $95.36 | 85,991 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-05-15 | 1,133 | $95.36 | 84,858 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-05-15 | 1,445 | $95.36 | 86,303 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-05-15 | 388 | $95.36 | 85,915 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-05-15 | 1,948 | $95.36 | 87,863 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-05-15 | 524 | $95.36 | 87,339 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2024-05-16 | 7,830 | $95.06 | 79,509 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2024-05-15 | 3,788 | $0.00 | 3,788 | $95.36 |
| Common Stock | Performance Stock Units | Disposition | 2024-05-15 | 3,790 | $0.00 | 3,790 | $95.36 |
| Common Stock | Restricted Stock Units | Disposition | 2024-05-15 | 1,948 | $0.00 | 1,948 | $95.36 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 9,724 | No | 4 | M | Direct |
Footnotes
- The restricted stock units vested in full on May 15, 2024. Vested shares were delivered to the reporting person upon vest.
- 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, 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 May 15, 2024. Vested shares were delivered to the reporting person upon vest.
- The restricted stock units vest in four quarterly installments of 1,948 shares beginning November 15, 2023, and eight quarterly installments of 972 shares beginning on November 15, 2024, as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
Billionaire Hedge Funds
