Bjornholt James Eric 4

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.