Bunker Mathew B 4

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.