Bunker Mathew B 4
4 · MICROCHIP TECHNOLOGY INC · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) SVP Mathew Bunker Receives Equity Awards
What Happened
- Mathew B. Bunker, Senior Vice President, Operations of Microchip Technology (MCHP), was granted a total of 23,556 derivative awards on April 1, 2026. The awards were reported at an acquisition price of $0 (typical for grants) and consist of restricted stock units (RSUs) and performance stock units (PSUs). These awards are contingent on continued service and, for the PSUs, on specified performance targets.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Total awards: 23,556 units (sum of 5,529; 5,530; 3,954; 3,954; 2,294; 2,295).
- Price: $0.00 per unit (award/grant).
- Award types: RSUs (convert 1-for-1 to shares on vesting) and PSUs (contingent on cumulative non‑GAAP operating margin targets).
- Performance metrics (from filing footnotes):
- 4-quarter PSU measurement (ending 3/31/2027) — target based on 30.5% cumulative non‑GAAP operating margin; earned PSUs vest 25% on each of May 15, Aug 15, Nov 15, Feb 15 (2027–2028) if service requirement met.
- 8-quarter PSU measurement (ending 3/31/2028) — target 31.0% cumulative margin; earned PSUs vest 25% on May/Aug/Nov/Feb (2028–2029) if service requirement met.
- 12-quarter PSU measurement (ending 3/31/2029) — target 31.5% cumulative margin; earned PSUs vest in full on May 15, 2030 if service requirement met.
- Time-based RSU vesting described in footnotes: some RSUs vest in four equal quarterly installments (May 15 / Aug 15 / Nov 15 / Feb 15 in applicable years); one RSU grant vests in full on May 15, 2030.
- Vested shares will be delivered upon vesting. The filing does not disclose post-transaction total shares owned by the insider in the provided excerpt.
- No 10b5-1 plan, tax withholding sale, or late filing was noted in the provided details.
Context
- RSUs: a contingent right to receive one share per unit when vested—no immediate sale or cash proceeds at grant. PSUs: number of shares actually earned can be higher or lower than the target depending on Microchip’s cumulative non‑GAAP operating margin over the measurement period.
- Grants like these are common components of executive compensation and reflect time- and performance-based incentives rather than an immediate bullish or bearish personal market move.
Insider Transaction Report
Form 4
Bunker Mathew B
SENIOR VP, OPERATIONS
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-04-01+5,529→ 5,529 total→ Common Stock (5,529 underlying) - Award
Performance Stock Units
[F3][F4]2026-04-01+5,530→ 5,530 total→ Common Stock (5,530 underlying) - Award
Restricted Stock Units
[F1][F5]2026-04-01+3,954→ 3,954 total→ Common Stock (3,954 underlying) - Award
Performance Stock Units
[F3][F6]2026-04-01+3,954→ 3,954 total→ Common Stock (3,954 underlying) - Award
Restricted Stock Units
[F1][F7]2026-04-01+2,294→ 2,294 total→ Common Stock (2,294 underlying) - Award
Performance Stock Units
[F3][F8]2026-04-01+2,295→ 2,295 total→ Common Stock (2,295 underlying)
Holdings
- 25,158
Common Stock
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- [F2]The restricted stock units vest in four equal quarterly installments on May 15, 2027, August 15, 2027, November 15, 2027 and February 15, 2028, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F3]Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- [F4]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 4 quarters ending March 31, 2027. 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 30.5% over the 4 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 will vest 25% each on May 15, 2027, August 15, 2027, November 15, 2027 and February 15, 2028 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F5]The restricted stock units vest in four equal quarterly installments on May 15, 2028, August 15, 2028, November 15, 2028 and February 15, 2029, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F6]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 8 quarters ending March 31, 2028. 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 31.0% over the 8 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 will vest 25% each on May 15, 2028, August 15, 2028, November 15, 2028 and February 15, 2029 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F7]The restricted stock units vest in full on May 15, 2030, as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
- [F8]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 March 31, 2029. 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 31.5% 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 will vest in full on May 15, 2030 as long as the reporting person remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
Signature
Deborah L. Wussler, as Attorney-in-Fact|2026-04-03