Simoncic Richard J 4

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.