Bunker Mathew B 4
4 · MICROCHIP TECHNOLOGY INC · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Microchip (MCHP) SVP Mathew B. Bunker Receives Stock Award
What Happened Mathew B. Bunker, Senior Vice President, Operations at Microchip Technology Inc. (MCHP), received two grants on July 1, 2026 totaling 3,383 derivative awards: 1,691 restricted stock units (RSUs) and 1,692 performance stock units (PSUs). Each award is reported at $0.00 per unit (no cash paid at grant). These are grants — not open-market purchases or sales — and represent contingent rights to receive common stock if vesting and/or performance conditions are met.
Key Details
- Transaction date: July 1, 2026; filing date: July 6, 2026 (appears outside the typical 2-business-day Form 4 window).
- Award amounts: 1,691 RSUs + 1,692 PSUs = 3,383 total units; reported price $0.00 (derivative awards).
- Vesting / delivery: RSUs and any earned PSUs vest and are deliverable on August 15, 2030, subject to continued service through the vest date.
- PSU performance metric: PSUs payout is based on Microchip’s cumulative non‑GAAP operating margin over 12 quarters ending June 30, 2029; target shown assumes a 33.5% cumulative margin, actual payout may be higher or lower.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed July 6 for a July 1 grant — likely a late filing relative to the standard Form 4 deadline.
Context These awards are derivative grants that confer a contingent right to receive shares in the future (time-based RSUs and performance-based PSUs). They do not create immediate ownership of shares or indicate an immediate cash transaction. For retail investors, time‑based RSUs reflect retention incentives; PSUs tie potential shares to company performance over a multi‑quarter period.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-07-01+1,691→ 1,691 total→ Common Stock (1,691 underlying) - Award
Performance Stock Units
[F3][F4]2026-07-01+1,692→ 1,692 total→ Common Stock (1,692 underlying)
- 17,222
Common Stock
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.
- [F2]The restricted stock units will vest in full on August 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.
- [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 12 quarters ending June 30, 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 33.5% 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 on August 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.