Bunker Mathew B 4
4 · MICROCHIP TECHNOLOGY INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) SVP Mathew B. Bunker Exercises/Receives Vested Shares
What Happened
- Mathew B. Bunker, Senior Vice President, Operations at Microchip Technology (MCHP), had equity awards convert/vest on Feb 15–16, 2026. A total of 3,259 shares were delivered to him at a reported per-share value of $78.94 (total ≈ $257,265). To satisfy tax withholding obligations, 986 shares were surrendered (total ≈ $77,835), leaving a net receipt of 2,273 shares.
- The reported transactions are labeled as M (exercise/conversion of derivative awards) and F (payment of exercise price or tax liability via share withholding). No open-market sale or purchase was reported — disposals were solely tax withholdings.
Key Details
- Transaction dates and values: Feb 15–16, 2026; acquired 3,259 shares @ $78.94 (≈ $257,265); 986 shares withheld for taxes @ $78.94 (≈ $77,835).
- Net shares received: 2,273 shares.
- Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for total holdings.
- Footnotes: Vesting/delivery came from restricted stock units (RSUs) and earned performance stock units (PSUs). Notable items:
- RSUs vested in full on Feb 15 and Feb 16, 2026 (footnotes F1, F3, F4).
- Earned PSUs based on cumulative non-GAAP operating margin for measurement periods ending Dec 31, 2024 and Dec 31, 2025 vested and were delivered on Feb 15–16, 2026 (footnotes F2, F5).
- Filing: Report filed Feb 19, 2026 (reporting period includes Feb 15) — no late-filing flag indicated in the provided data.
Context
- These transactions are routine equity award vestings and PSU settlements, not open-market buys or discretionary sales. The “M” entries reflect conversion/exercise or settlement of derivative awards into shares; the “F” entries are shares surrendered to cover tax withholding (a common administrative disposition).
- For retail investors, award vestings increase insider ownership but do not necessarily signal a bullish or bearish view; they often reflect pre-existing compensation schedules and earned performance metrics.
Insider Transaction Report
Form 4
Bunker Mathew B
SENIOR VP, OPERATIONS
Transactions
- Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+67$5,289→ 24,760 total - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+870$68,678→ 23,392 total - Tax Payment
Common Stock
2026-02-15$78.94/sh−243$19,182→ 23,149 total - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+1,096$86,518→ 24,245 total - Tax Payment
Common Stock
2026-02-15$78.94/sh−364$28,734→ 23,881 total - Exercise/Conversion
Common Stock
2026-02-15$78.94/sh+729$57,547→ 24,610 total - Tax Payment
Common Stock
2026-02-15$78.94/sh−217$17,130→ 24,393 total - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+416$32,839→ 24,809 total - Tax Payment
Common Stock
2026-02-16$78.94/sh−116$9,157→ 24,693 total - Tax Payment
Common Stock
2026-02-16$78.94/sh−23$1,816→ 24,737 total - Exercise/Conversion
Common Stock
2026-02-16$78.94/sh+81$6,394→ 24,818 total - Tax Payment
Common Stock
2026-02-16$78.94/sh−23$1,816→ 24,795 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-15−870→ 1,740 totalExercise: $78.94→ Common Stock (870 underlying) - Exercise/Conversion
Performance Stock Units
[F2]2026-02-15−1,096→ 0 totalExercise: $78.94→ Common Stock (1,096 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-02-15−729→ 0 totalExercise: $78.94→ Common Stock (729 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-02-16−416→ 0 totalExercise: $78.94→ Common Stock (416 underlying) - Exercise/Conversion
Performance Stock Units
[F5]2026-02-16−67→ 0 totalExercise: $78.94→ Common Stock (67 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-02-16−81→ 0 totalExercise: $78.94→ Common Stock (81 underlying)
Footnotes (5)
- [F1]The restricted stock units vest in four quarterly installments of 868 shares beginning November 15, 2023, and eight quarterly installments of 870 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
- [F2]Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending December 31, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested on February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- [F3]The restricted stock units vested in full on February 15, 2026. Vested shares were delivered to the reporting person upon vest.
- [F4]The restricted stock units vested in full on February 16, 2026. Vested shares were delivered to the reporting person upon vest.
- [F5]Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending December 31, 2025. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested on February 16, 2026. Vested shares were delivered to the reporting person upon vest.
Signature
Deborah L. Wussler, as Attorney-in-Fact|2026-02-19