Bjornholt James Eric 4
4 · MICROCHIP TECHNOLOGY INC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) CFO James Bjornholt Exercises Options and Sells Shares
What Happened
- James Eric Bjornholt, Senior VP and Chief Financial Officer of Microchip Technology Inc., exercised/converted equity awards on May 15, 2026. The filing shows acquisitions of 6,422 shares at an effective per-share amount of $93.85 (total value ≈ $602,705). To satisfy exercise price and/or tax withholding, 2,755 shares were disposed (withheld) at $93.85 (total ≈ $258,557). Net shares delivered to him after withholding were 3,667, and the net cash value difference is approximately $344,148.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within required two business days).
- Acquisitions (exercise/conversion): 6,422 shares @ $93.85 = ~$602,705 total.
- Withholding/tax payments: 2,755 shares @ $93.85 = ~$258,557 total (reported as disposals to cover exercise/taxes).
- Net shares received: 3,667 shares (6,422 acquired − 2,755 withheld).
- Several derivative entries at $0.00 reflect conversion/cancellation of the underlying derivative awards upon vesting.
- Footnotes indicate these shares came from vested restricted stock units (RSUs) and performance stock units (PSUs) under Microchip’s equity plans (vested shares were delivered upon vest; PSUs were contingent on operating margin goals over the measurement periods).
- Shares owned after the transaction are not provided in the excerpt of the filing.
Context
- This was not an open-market sale but a conversion/exercise and net settlement (shares withheld to cover taxes/exercise), a common executive compensation event rather than a directional market trade. For options/PSU exercises, the $0 derivative lines typically represent cancellation of the award upon conversion into actual shares. This filing appears timely.
Insider Transaction Report
Form 4
Bjornholt James Eric
SENIOR VP AND CFO
Transactions
- Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+776$72,828→ 29,349 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−333$31,252→ 29,016 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+1,355$127,167→ 30,371 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−581$54,527→ 29,790 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+1,690$158,607→ 31,480 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−725$68,041→ 30,755 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+2,015$189,108→ 32,770 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−864$81,086→ 31,906 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+183$17,175→ 32,089 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−79$7,414→ 32,010 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2026-05-15$93.85/sh+403$37,822→ 32,413 total(indirect: By Trust) - Tax Payment
Common Stock
2026-05-15$93.85/sh−173$16,236→ 32,240 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-15−776→ 776 totalExercise: $93.85→ Common Stock (776 underlying) - Exercise/Conversion
Performance Stock Units
[F2]2026-05-15−1,355→ 778 totalExercise: $93.85→ Common Stock (1,355 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-05-15−1,690→ 0 totalExercise: $93.85→ Common Stock (1,690 underlying) - Exercise/Conversion
Performance Stock Units
[F4]2026-05-15−2,015→ 0 totalExercise: $93.85→ Common Stock (2,015 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-05-15−183→ 0 totalExercise: $93.85→ Common Stock (183 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-05-15−403→ 0 totalExercise: $93.85→ Common Stock (403 underlying)
Footnotes (4)
- [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 will vested in full on May 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 March 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 will vested on May 15, 2026. Vested shares were delivered to the reporting person upon vest.
Signature
Deborah L. Wussler, as Attorney-in-Fact|2026-05-19