Microchip (MCHP) CEO Steve Sanghi Receives RSU Vesting; Net +16,922 Shares

What Happened
Steve Sanghi (President, CEO & Chair of the Board) had 28,853 restricted stock units (RSUs) vest on August 15, 2026. The vested shares had a reported per-share value of $80.26 (gross value $2,315,742). To satisfy tax withholding, 11,931 of those shares were surrendered (value $957,582), leaving 16,922 net shares delivered to him (net value ≈ $1,358,160). The Form 4 lists conversion/settlement lines for the derivative RSUs and the share-for-tax withholding.

Key Details

• Transaction date: 2026-08-15; Report filed (amended) 2026-08-26.
• Gross vested shares: 28,853 at $80.26 each = $2,315,742.
• Tax withholding: 11,931 shares withheld at $80.26 = $957,582 (code F).
• Net shares received: 16,922 shares; net value ≈ $1,358,160.
• Shares owned after transaction: ~9,446,988 total (per footnote breakdown: 3,541,116 held by The Sanghi Trust; 5,905,872 held by The Sanghi Family Limited Partnership).
• Footnotes: Vesting schedule explained (two equal quarterly installments of 28,853 on May 15 and Aug 15, 2026, and two of 28,854 on Nov 15, 2026 and Feb 15, 2027); vested shares were delivered upon vest. The filing is an AMENDED Form 4 correcting the vesting date in the footnote.
• Timeliness: The transaction occurred Aug 15 but the Form 4 was filed Aug 26 (appears late vs. the usual 2-business-day Form 4 deadline).

Context
This was not an open-market purchase or discretionary sale — it was the scheduled vesting/settlement of executive RSUs, with a routine share withholding to cover tax obligations. The amended filing only corrects the vesting-date footnote; it does not indicate any additional buy/sell intent by the insider.