Microchip (MCHP) CFO James Bjornholt Exercises Options

What Happened

• James Eric Bjornholt, Senior Corporate Vice President and Chief Financial Officer of Microchip Technology (MCHP), exercised/converted derivative awards on August 15, 2026. He acquired 3,021 shares at an exercise/conversion price of $80.26 (total reported value $242,466).
• To satisfy exercise costs and tax withholding (transaction code F), 1,296 shares were surrendered/withheld (valued at approximately $104,017). After withholding, the reporting person received a net 1,725 shares. Several corresponding derivative award line items show $0.00 dispositions reflecting cancellation of the underlying derivative awards upon conversion.
• These deliveries were the result of vested restricted stock units (RSUs) and performance stock units (PSUs) described in the filing (see footnotes). This was not an open-market sale; shares were withheld to cover liabilities.

Key Details

• Transaction date: August 15, 2026; Filing date (amended): August 26, 2026 (filed late relative to the transaction date).
• Exercise/conversion: 776 + 1,355 + 252 + 638 = 3,021 shares at $80.26 each (total value $242,466).
• Tax/withholding dispositions: 333 + 581 + 108 + 274 = 1,296 shares withheld (total value reported $104,017).
• Net shares retained by insider: 1,725 shares.
• Relevant footnotes: F1–F4 detail RSU vesting schedules, PSU performance measurement and vesting, and that the RSUs vested in full on August 15, 2026; F3 notes this is an amended Form 4 to correct the performance measure date.
• Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price or tax liability via share withholding.
• Shares owned after the transactions are not specified in the provided excerpt.

Context

• This appears to be a routine exercise/conversion of company equity awards and mandatory tax-withholding by surrendering shares — a common post-vesting event — not an open-market sale signaling a change in sentiment.
• PSUs and RSUs vesting and subsequent share delivery are typical components of executive compensation; the amended filing corrects a performance-measure date for the PSU award.
• Filing was made 11 days after the transaction date (filed Aug 26 for Aug 15 transactions), which is later than the usual short reporting window and is noted in the filing.