DREHOBL STEPHEN V 4
4 · MICROCHIP TECHNOLOGY INC · Filed Jan 31, 2024
Insider Transaction Report
Form 4
DREHOBL STEPHEN V
VP, Security, MCU & Tech Div.
Transactions
- Award
Performance Stock Units
2024-01-02+2,643→ 2,643 total→ Common Stock (2,643 underlying) - Award
Restricted Stock Units
2024-01-02+2,642→ 2,642 total→ Common Stock (2,642 underlying)
Holdings
- 88,444
Common Stock
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- [F2]The restricted stock units will vest in full on February 15, 2028 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F3]Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- [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, 2026. 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 42.0% 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 will vest on February 15, 2028 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.