Microchip Technology Inc: CFO James Eric Bjornholt received 6,799 shares

What happened

• James Eric Bjornholt, senior corporate vice president and chief financial officer, was granted a total of 6,799 equity awards on Oct 1, 2026: 3,399 restricted stock units and 3,400 performance stock units. Each award is recorded at a price of $0.00 and a total value of $0. The transactions are reported as awards/grants (transaction code A).

Key details

• Transaction date: Oct 1, 2026; filing date: Oct 5, 2026.
• Price paid: $0.00 for each award.
• Shares granted: 3,399 restricted stock units and 3,400 performance stock units (total 6,799).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes:
  • Each restricted stock unit (RSU) represents a contingent right to one share of Microchip common stock (F1).
  • The RSUs vest in full on Nov 15, 2030 if the recipient remains a service provider through the vesting date; vested shares will be delivered upon vest (F2).
  • Each performance stock unit (PSU) represents a contingent right to one share of Microchip common stock (F3).
  • The PSUs are earned based on Microchip’s cumulative non-GAAP operating margin over 12 quarters ending Sep 30, 2029; the reported target assumes a cumulative non-GAAP operating margin of 35.0% and actual payout may be higher or lower. Earned PSUs will vest on Nov 15, 2030 if the recipient remains a service provider; vested shares will be delivered upon vest (F4).

Why it may matter

• These transactions are awards/grants of RSUs and PSUs, not open-market purchases or sales; they are contingent and include future vesting and performance conditions.
• The PSUs depend on a performance measurement period ending Sep 30, 2029 and may result in more or fewer shares than the target depending on actual performance.
• A filing does not show why the insider received the awards or why the company made the grants.