Microchip (MCHP) Director Victor Peng Exercises Options, Receives RSUs

What Happened

• Victor Peng, a director of Microchip Technology (MCHP), exercised/conversion of derivative interests for 3,090 shares on 2026-08-17 at $80.26 per share (total cash cost $248,003). The filing also shows the related derivative position for 3,090 shares was canceled/converted at $0.00. On 2026-08-18 he received a grant of 2,557 restricted stock units (RSUs) (recorded as derivative awards).

Key Details

• Transaction dates and prices:
  • 2026-08-17: Exercise/conversion (code M) — 3,090 shares acquired at $80.26 each (total $248,003).
  • 2026-08-17: Related derivative disposition — 3,090 shares @ $0.00 (derivative cancelled/converted).
  • 2026-08-18: Grant/award (code A) — 2,557 RSUs @ $0.00 (derivative award).
• Shares owned after transactions: 5,416 total shares (5,370 held by The Peng Revocable Trust; 46 held in an IRA).
• Footnotes:
  • F2: Some RSUs vested in full on Aug 17, 2026 and vested shares were delivered upon vesting.
  • F3: Each RSU equals a contingent right to one share.
  • F4: The newly granted RSUs vest in full on Aug 18, 2027, subject to continued service.
• Filing timeliness: Report filed 2026-08-19 for transactions on 2026-08-17 — within the usual two-business-day Form 4 window (appears timely).

Context

• This filing shows an option/derivative exercise (cash paid to acquire shares) and an RSU grant. Exercising options increases the insider's share count (a net acquisition), while RSUs are forward-looking awards that vest later (one set already vested and was delivered). These actions are routine forms of compensation and equity management and should not be taken alone as a signal of company outlook.