Simoncic Richard J 4
4 · MICROCHIP TECHNOLOGY INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) COO Richard Simoncic Exercises Options, Receives Shares
What Happened
- Richard J. Simoncic, Chief Operating Officer of Microchip Technology Inc. (MCHP), had multiple equity awards vest and/or convert on Feb 15–16, 2026. He was issued a total of 5,861 shares (reported as derivative exercises/conversions) at an effective price basis of $78.94, with a gross value of $462,667.
- To satisfy tax withholding obligations, 1,659 shares were surrendered (disposed) for $130,961, leaving a net 4,202 shares delivered to Simoncic with a net value of about $331,706. The filings include zero-dollar disposals of the underlying derivatives, reflecting conversion/settlement of RSUs/PSUs into common shares.
Key Details
- Transaction dates and prices: Feb 15–16, 2026; conversion/exercise entries reported at $78.94 per share (M = exercise/conversion), with tax/withholding disposals (F) at the same per-share value. Some derivative disposals listed at $0.00 indicate settlement of RSUs/PSUs into shares.
- Shares: 5,861 shares issued; 1,659 shares withheld for taxes; net issued to insider = 4,202 shares.
- Dollar totals: Gross value issued ≈ $462,667; tax withholding ≈ $130,961; net value retained ≈ $331,706.
- Footnotes: Multiple footnotes (F1–F6) show these were scheduled vestings and performance-stock-unit (PSU) settlements tied to past performance periods; vested shares were delivered upon vest.
- Filing: Form 4 filed Feb 19, 2026, reporting transactions from Feb 15–16, 2026 (no late-filing flag provided in the supplied data).
Context
- These entries reflect standard vesting and settlement of restricted stock units and performance stock units and a net-share settlement to cover taxes (common practice). Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.
- This was not an open-market sale or purchase — shares were issued/converted and some were withheld to meet tax obligations. Such vestings are routine compensation events and do not by themselves signal insider buying or selling intent.
Insider Transaction Report
Form 4
Simoncic Richard J
CHIEF OPERATING OFFICER
Transactions
- Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+702$55,416→ 155,931 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−192$15,156→ 155,739 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,222$96,465→ 156,961 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−335$26,445→ 156,626 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,219$96,228→ 157,845 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−334$26,366→ 157,511 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,831$144,539→ 159,342 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−553$43,654→ 158,789 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+678$53,521→ 159,467 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−186$14,683→ 159,281 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+110$8,683→ 159,391 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−31$2,447→ 159,360 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+99$7,815→ 159,459 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−28$2,210→ 159,431 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-15−702→ 1,404 totalExercise: $78.94→ Common Stock (702 underlying) - Exercise/Conversion
Performance Stock Units
[F2]2026-02-15−1,222→ 1,404 totalExercise: $78.94→ Common Stock (1,222 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-02-15−1,219→ 0 totalExercise: $78.94→ Common Stock (1,219 underlying) - Exercise/Conversion
Performance Stock Units
[F4]2026-02-15−1,831→ 0 totalExercise: $78.94→ Common Stock (1,831 underlying) - Exercise/Conversion
Restricted Stock Units
[F5]2026-02-16−678→ 0 totalExercise: $78.94→ Common Stock (678 underlying) - Exercise/Conversion
Performance Stock Units
[F6]2026-02-16−110→ 0 totalExercise: $78.94→ Common Stock (110 underlying) - Exercise/Conversion
Restricted Stock Units
[F5]2026-02-16−99→ 0 totalExercise: $78.94→ Common Stock (99 underlying)
Footnotes (6)
- [F1]The restricted stock units vest in four quarterly installments of 1,406 shares beginning November 15, 2023, one quarterly installment of 702 shares on November 15, 2024, one quarterly installment of 704 shares on February 15, 2025 and six quarterly installments of 702 shares beginning on May 15, 2025 as long as the individual remains a service provider through the vesting date. 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 Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending September 30, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested ratably over eight quarters beginning on November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
- [F3]The restricted stock units vested in full on February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- [F4]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 Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending December 31, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested on February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- [F5]The restricted stock units vested in full on February 16, 2026. Vested shares were delivered to the reporting person upon vest.
- [F6]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 Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending December 31, 2025. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested on February 16, 2026. Vested shares were delivered to the reporting person upon vest.
Signature
Deborah L. Wussler, as Attorney-in-Fact|2026-02-19