Bjornholt James Eric 4

4 · MICROCHIP TECHNOLOGY INC · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

Microchip (MCHP) CFO James Bjornholt Receives Stock Award

What Happened

James Eric Bjornholt, Senior Vice President and Chief Financial Officer of Microchip Technology Inc. (MCHP), received equity awards on July 1, 2026 totaling 6,018 units: 3,009 restricted stock units (RSUs) and 3,009 performance stock units (PSUs). Each award was reported at $0.00 per unit (standard for grants), and the filing classifies them as derivative awards (code A — grant/award).
These awards are compensation grants, not open‑market purchases or sales, so no cash changed hands and no immediate shares were delivered.

Key Details

Transaction date: July 1, 2026; reported on Form 4 filed July 6, 2026.
Grant details: 3,009 RSUs (footnotes F1–F2) + 3,009 PSUs (footnotes F3–F4) = 6,018 total units; price reported $0.00.
Vesting/delivery: RSUs vest in full on August 15, 2030 if the executive remains a service provider; PSUs vest on August 15, 2030 and payout depends on Microchip’s cumulative non‑GAAP operating margin over 12 quarters ending June 30, 2029 (target payout tied to a 33.5% cumulative margin; actual shares earned may be higher or lower).
Shares owned after transaction: not specified in the provided excerpt of the filing.
Filing timeliness: Form 4 was filed July 6 for a July 1 transaction — this is outside the usual two business‑day Form 4 filing window (i.e., the filing appears late).

Context

RSUs and PSUs are common long‑term compensation tools: RSUs deliver shares on vesting (subject to continued service), while PSUs pay out shares based on achievement of specified performance metrics over a multi‑quarter period.
These awards do not indicate an immediate buying or selling decision by the insider; they reflect company compensation and future potential share delivery contingent on service and performance.

Form 4

Period: 2026-07-01

SENIOR VP AND CFO

Transactions

Award
Restricted Stock Units
[F1][F2]
2026-07-01+3,009→ 3,009 total
→ Common Stock (3,009 underlying)
Award
Performance Stock Units
[F3][F4]
2026-07-01+3,009→ 3,009 total
→ Common Stock (3,009 underlying)

Holdings

Footnotes (4)

[F1]Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
[F2]The restricted stock units will vest in full on August 15, 2030 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
[F3]Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
[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 June 30, 2029. 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 33.5% 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 on August 15, 2030 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.

Signature

Deborah L. Wussler, as Attorney-in-Fact|2026-07-06

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