4//SEC Filing
DREHOBL STEPHEN V 4
Accession 0000827054-24-000091
CIK 0000827054other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 5:03 PM ET
Size
20.0 KB
Accession
0000827054-24-000091
Insider Transaction Report
Form 4
DREHOBL STEPHEN V
VP, Security, MCU & Tech Div.
Transactions
- Exercise/Conversion
Common Stock
2024-05-15$95.36/sh+3,788$361,224→ 85,991 total - Tax Payment
Common Stock
2024-05-15$95.36/sh−1,133$108,043→ 84,858 total - Exercise/Conversion
Common Stock
2024-05-15$95.36/sh+1,445$137,795→ 86,303 total - Tax Payment
Common Stock
2024-05-15$95.36/sh−388$37,000→ 85,915 total - Exercise/Conversion
Common Stock
2024-05-15$95.36/sh+1,948$185,761→ 87,863 total - Tax Payment
Common Stock
2024-05-15$95.36/sh−524$49,969→ 87,339 total - Sale
Common Stock
2024-05-16$95.06/sh−7,830$744,320→ 79,509 total - Exercise/Conversion
Restricted Stock Units
2024-05-15−3,788→ 0 totalExercise: $95.36→ Common Stock (3,788 underlying) - Exercise/Conversion
Performance Stock Units
2024-05-15−3,790→ 0 totalExercise: $95.36→ Common Stock (3,790 underlying) - Exercise/Conversion
Restricted Stock Units
2024-05-15−1,948→ 9,724 totalExercise: $95.36→ Common Stock (1,948 underlying)
Footnotes (3)
- [F1]The restricted stock units vested in full on May 15, 2024. 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 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.
- [F3]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.
Documents
Issuer
MICROCHIP TECHNOLOGY INC
CIK 0000827054
Entity typeother
Related Parties
1- filerCIK 0001282830
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 5:03 PM ET
- Size
- 20.0 KB