Microchip (MCHP) Mathew B. Bunker Receives Vesting Awards

What Happened

• Mathew B. Bunker, Senior Corporate VP, Operations at Microchip Technology (MCHP), received 4,118 shares on August 15, 2026 upon vesting/conversion of performance stock units (PSUs) and restricted stock units (RSUs). The delivered shares were reported as acquired at an implicit value of $80.26 per share, totaling about $330,510.
• To cover tax withholding, 1,150 of those shares were surrendered (disposed) on the same date, with a withholding value of approximately $92,299. The filing also reports the expiration/conversion of the underlying derivative awards (reported as $0 dispositions for the derivative instruments).

Key Details

• Transaction date: August 15, 2026. Filing date: August 19, 2026.
• Shares delivered (acquired): 1,198; 1,365; 221; 464; 870 — total 4,118 shares at $80.26 (total ~$330,510).
• Shares withheld for taxes (disposed): 334; 381; 62; 130; 243 — total 1,150 shares (total ~$92,299).
• The filing shows corresponding derivative entries (conversion of PSUs/RSUs) reported as $0 dispositions reflecting award settlement.
• Shares owned after the transaction: Not disclosed in the Form 4.
• Footnotes:
  • F1: PSUs were contingent on cumulative non-GAAP operating margin over 12 quarters ending June 30, 2025; target amounts reported and earned PSUs vested on Aug 15, 2026.
  • F2 & F3: RSUs vested and were delivered upon vesting (including prior-scheduled installment vesting).
• Filing timeliness: Form 4 filed Aug 19 for Aug 15 vesting; filing appears to be within the normal post-vest filing window.

Context

• These transactions reflect award vesting and delivery, not an open-market purchase or sale for cash. The disposals listed (code F) are routine share withholdings to satisfy tax obligations tied to the vesting—not a voluntary sale on the open market.
• For retail investors, award vesting and tax withholding are administrative actions and do not necessarily indicate a change in the insider’s market view.