Microchip CEO Steve Sanghi Receives Restricted Stock Award

What Happened

• Steve Sanghi, President, CEO and Chair of Microchip Technology Inc. (MCHP), was granted 4,514 restricted stock units (RSUs) on August 7, 2026. The filing reports an acquisition-type transaction (code A) with a reported price of $0.00 because these are derivative awards. Each RSU represents a contingent right to one share; vested shares will be delivered upon vesting.

Key Details

• Transaction date: 2026-08-07; Form 4 filed: 2026-08-11 (timely within the two-business-day reporting window).
• Grant: 4,514 restricted stock units; reported price: $0.00 (derivative award).
• Vesting: RSUs vest in full on May 15, 2028, conditional on continued service.
• Shares owned after transaction: 9,410,407 total beneficially owned (3,504,535 held by The Sanghi Trust; 5,905,872 held by The Sanghi Family Limited Partnership).
• Footnotes: F2 confirms each RSU converts to one share; F3 describes the May 15, 2028 service-based vesting.

Context

• This was an award/grant (not a market purchase or sale) and does not represent immediate cash or share proceeds. Such time‑based RSU grants are common compensation for executives and do not by themselves indicate buying or selling sentiment.