Bjornholt James Eric 4
4 · MICROCHIP TECHNOLOGY INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) CFO Eric Bjornholt Exercises Options, Withholds Shares
What Happened
- James Eric Bjornholt, Senior Vice President and Chief Financial Officer of Microchip Technology (MCHP), exercised and/or converted equity awards on 2026-02-15 and 2026-02-16. He acquired 6,387 shares via exercises at $78.94 per share (total exercise cost ≈ $504,188). To cover tax withholding and related liabilities, 2,804 shares were surrendered (value ≈ $221,348), leaving a net delivery of 3,583 shares to the reporting person.
- The activity reflects vesting/conversion of restricted stock units and performance stock units (RSUs/PSUs) per the filing; vested shares were delivered and some were used to satisfy tax obligations rather than sold on market.
Key Details
- Transaction dates and prices: 2026-02-15 and 2026-02-16; exercises at $78.94/share.
- Shares exercised/received (gross): 6,387 shares; shares withheld for taxes (F): 2,804 shares; net shares received: 3,583 shares.
- Cash amounts shown: exercise payments ≈ $504,188; withholding value ≈ $221,348.
- Footnotes: multiple RSUs and PSUs vested (per F1–F6). Vesting schedules and PSU performance conditions are described in the filing; vested shares were delivered upon vest.
- Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).
- Shares owned after the transactions were not specified in the provided summary.
Context
- This was not an open-market sale or purchase — it was exercises/conversions and delivery of vested awards with shares withheld to cover taxes (a common, administrative action when equity awards vest).
- For retail investors: exercises and vesting are routine compensation events and do not necessarily indicate the insider’s market view. The filing documents realization of equity compensation and tax-withholding mechanics rather than discretionary buying or selling for investment purposes.
Filed: 2026-02-19 (transactions occurred 2026-02-15 and 2026-02-16).
Insider Transaction Report
Form 4
Bjornholt James Eric
SENIOR VP AND CFO
Transactions
- Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+776$61,257→ 30,865 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−333$26,287→ 30,532 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,354$106,885→ 31,886 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−581$45,864→ 31,305 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,349$106,490→ 32,654 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−579$45,706→ 32,075 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+2,027$160,011→ 34,102 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-15$78.94/sh−932$73,572→ 33,170 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+678$53,521→ 33,848 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−291$22,972→ 33,557 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+110$8,683→ 33,667 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−48$3,789→ 33,619 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+93$7,341→ 33,712 total(indirect: By Trust) - Tax Payment
Common Stock
2026-02-16$78.94/sh−40$3,158→ 33,672 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-15−776→ 1,552 totalExercise: $78.94→ Common Stock (776 underlying) - Exercise/Conversion
Performance Stock Units
[F2]2026-02-15−1,354→ 1,556 totalExercise: $78.94→ Common Stock (1,354 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-02-15−1,349→ 0 totalExercise: $78.94→ Common Stock (1,349 underlying) - Exercise/Conversion
Performance Stock Units
[F4]2026-02-15−2,027→ 0 totalExercise: $78.94→ Common Stock (2,027 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]2026-02-16−93→ 0 totalExercise: $78.94→ Common Stock (93 underlying)
Footnotes (6)
- [F1]The restricted stock units vest in three quarterly installments of 1,556 shares beginning November 15, 2023, one quarterly installment of 1,554 shares on August 15, 2024, and eight quarterly installments of 776 shares beginning on November 15, 2024. 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 will vest 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