Microchip Technology Inc: Sr corp vp Mathew Bunker received 3,822 shares

What happened

• Mathew Bunker, Sr corp vp, received two awards on Oct 1, 2026: 1,911 restricted stock units and 1,911 performance stock units (total 3,822). Both awards were reported as acquisitions at $0. Total reported value: $0. These are derivative awards (contingent rights to receive shares).

Key details

• Transaction date and price: Oct 1, 2026; price per unit $0; transaction code A (award/grant).
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes:
  • Each restricted stock unit (RSU) is a contingent right to receive one share (footnote F1).
  • RSUs vest in full on Nov 15, 2030 if the recipient remains a service provider; vested shares will be delivered upon vesting (footnote F2).
  • Each performance stock unit (PSU) is a contingent right to receive one share (footnote F3).
  • PSUs are earned based on Microchip's cumulative non-GAAP operating margin over 12 quarters ending Sep 30, 2029; the reported target is based on achieving a 35.0% cumulative margin. Actual PSUs earned may be higher or lower; earned PSUs vest on Nov 15, 2030 if service condition is met (footnote F4).
• Filing date: Oct 5, 2026; the filing does not indicate it was late.

Why it may matter

• These transactions were equity awards, not open-market purchases or sales; PSUs are performance-based and contingent on a specified financial metric over a set measurement period.
• RSUs and any earned PSUs vest on Nov 15, 2030 subject to continued service.
• The filing does not show why the insider traded or why the company acted.