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MICROCHIP TECHNOLOGY INC·4

Apr 3, 5:31 PM ET

Bunker Mathew B 4

Research Summary

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Updated

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.