Microchip (MCHP) Director Karen Rapp Exercises Options, Receives RSUs

What Happened

• Director Karen Marie Rapp exercised/converted derivatives to acquire 3,090 shares of Microchip common stock on August 17, 2026, at $80.26 per share for a cash cost of $248,003. The filing also shows a derivative disposition of 3,090 shares at $0 (see footnotes regarding settlement/delivery). On August 18, 2026 she was reported as receiving a grant of 2,557 restricted stock units (RSUs) with no cash price (award).

Key Details

• Transaction dates and prices:
  • 2026-08-17: Exercise/conversion (derivative) — 3,090 shares @ $80.26 = $248,003 (acquired).
  • 2026-08-17: Derivative disposition — 3,090 shares @ $0.00 (reported as disposed; tied to the derivative settlement).
  • 2026-08-18: Grant/award — 2,557 RSUs @ $0.00 (acquired as award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: A set of RSUs vested in full on Aug 17, 2026 and vested shares were delivered to the reporting person upon vest.
  • F2: Each RSU represents a contingent right to receive one share of common stock.
  • F3: The newly reported RSUs will vest in full on Aug 18, 2027 if the service condition is met; vested shares will be delivered upon vest.
• Filing timeliness: Form filed Aug 19, 2026 reporting transactions on Aug 17–18, 2026 — appears to be filed within the typical 2-business-day window.

Context

• The filing shows an exercise/conversion of a derivative (code M) and RSU activity. Exercising/converting derivatives and receiving vested RSUs are not the same as an open-market purchase or sale; the exercise reflects option/derivative settlement and the RSU entries reflect equity compensation. The award of 2,557 RSUs is a forward-looking grant that vests next year per the footnote.