Microchip (MCHP) CFO James Bjornholt Exercises/Receives 4,178 Shares

What Happened

• James Eric Bjornholt, Senior Corporate VP and CFO of Microchip Technology (MCHP), had equity awards vest/convert on August 17, 2026. He acquired 4,178 shares through exercise/conversion (2,226 and 1,952 shares) at an implied value of $80.26 per share (totaling $335,327). To satisfy tax withholding, 1,791 shares (954 and 837) were withheld/treated as disposed (value $143,746), leaving a net delivery to him of 2,387 shares worth about $191,581.
• The filing includes two derivative “disposed” line items at $0 that reflect the extinguishment/conversion of the underlying derivative awards when shares were issued.

Key Details

• Transaction date: August 17, 2026. Report filed as an amendment on August 26, 2026 to correct classification of the withholding (see F1).
• Prices reported: $80.26 per share for the vested/converted shares. Gross value acquired: $335,327; shares withheld for taxes: $143,746; net value retained: ~$191,581.
• Net shares received: 2,387. The filing does not list total shares owned by the reporting person after the transaction.
• Notable footnotes:
  • F1: Amended Form 4 clarifies the securities withheld were for tax liability (code F) and not open-market sales.
  • F2: Restricted stock units vested in full on Aug 17, 2026 if service conditions met.
  • F3: Performance Stock Units (PSUs) were earned based on Microchip’s cumulative non-GAAP operating margin performance; earned PSUs vested and were delivered on Aug 17, 2026.
• Transaction codes explained: M = exercise/conversion of derivative; F = payment of tax liability via withholding shares.

Context

• This was a routine equity award vesting/conversion event rather than an open-market buy or sell. Withholding of shares to cover taxes is common and should not be interpreted as a market sale signal.
• The PSUs involved were performance-based (tied to cumulative operating margin over a specified measurement period); the filing reports target/earned PSU conversion and delivery upon vesting.
• The Form 4 was amended to accurately report the withholding treatment; no other trading pattern or 10% owner implications are indicated.