Microchip Technology Inc: president and ceo Steve Sanghi received 41,401 shares

What happened

• Steve Sanghi, president, chief executive officer and chair of the board, received 16,560 restricted stock units and 24,841 performance stock units (total 41,401 units) on Oct 1, 2026. Each grant shows an acquisition price of $0.00 and a reported value of $0 (derivative awards).

Key details

• Transaction date and filing date: Oct 1, 2026 (transaction); filed Oct 5, 2026.
• Transaction price: $0.00 for both awards.
• Shares owned after the transaction: 9,435,057 shares (see footnote on holdings).
• Footnotes from the filing:
  • Of the 9,435,057 shares held, 3,529,185 shares were held by The Sanghi Trust and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
  • Each restricted stock unit (RSU) represents a contingent right to receive one share of Microchip common stock.
  • The RSUs will vest in full on Nov 15, 2030 if the recipient remains a service provider through the vesting date; vested shares will be delivered upon vesting.
  • Each performance stock unit (PSU) represents a contingent right to receive one share of Microchip common stock.
  • The PSUs are granted under the 2004 Equity Incentive Plan and are contingent on Microchip's cumulative non-GAAP operating margin over 12 quarters ending Sep 30, 2029. The target reported is based on a 35.0% cumulative non-GAAP operating margin; the actual number of shares earned may be higher or lower. Earned PSUs vest on Nov 15, 2030 if the recipient remains a service provider; vested shares will be delivered upon vesting.
• Filing timeliness: filed within the Form 4 reporting window (transaction Oct 1, filed Oct 5, 2026).

Why it may matter

• These were grants/awards (RSUs and PSUs), not open-market purchases or sales.
• The PSUs are contingent on future performance over a 12-quarter measurement period and will vest only if service and performance conditions are met.
• A filing does not show why the insider traded or why the company acted.