Microchip Director Richard B. Cassidy II Exercises Options, Receives RSUs

What Happened

• Richard B. Cassidy II, a director of Microchip Technology Inc. (MCHP), converted/exercised 3,090 vested derivative units into 3,090 common shares on 2026-08-17 at an effective cost of $80.26 per share (total ≈ $248,003). The filing also reports the corresponding derivative instrument as disposed (conversion of the derivative).
• On 2026-08-18 he was granted 2,557 restricted stock units (RSUs) at $0.00; these RSUs are a contingent right to receive one share apiece when they vest.

Key Details

• Transaction dates and amounts:
  • 2026-08-17: Exercise/conversion (code M) — 3,090 shares @ $80.26; total ≈ $248,003.
  • 2026-08-17: Corresponding derivative reported disposed (3,090 @ $0.00) — reflects conversion of the derivative instrument.
  • 2026-08-18: Award/grant (code A) — 2,557 RSUs @ $0.00.
• Footnotes from the filing:
  • F1: A set of RSUs vested in full on 8/17/2026 and vested shares were delivered upon vesting (this corresponds to the shares converted/received).
  • F2: Each RSU equals a contingent right to one share of common stock.
  • F3: The 2,557 RSUs will vest in full on 8/18/2027 provided continued service; vested shares will be delivered upon vesting.
• Shares owned after the transactions are not reported in the provided data.
• Filing date: 2026-08-19 for transactions on 8/17–8/18/2026 — appears filed within the normal reporting window (not marked as late).

Context

• The exercise/conversion reported here is an acquisition of shares via conversion of vested derivative units (not an open‑market purchase) — the separate “disposed” derivative line reflects the elimination of the derivative instrument upon conversion.
• The 2,557‑share item is a time‑based RSU grant and does not represent an immediate market purchase or sale; it vests in the future if service conditions are met.
• These are routine insider compensation/vesting events; filings report the mechanics and value but do not indicate the insider’s market sentiment.