Microchip Technology Inc: Sr. Corp VP Duvenhage Stephanus received 3,217 shares

What happened

• Duvenhage Stephanus, Sr. Corp VP, Analog Bus Unit, was granted a total of 3,217 derivative awards on Oct 1, 2026: 1,608 restricted stock units and 1,609 performance stock units. Each award was reported at a price of $0.00 and total value $0.

Key details

• Transaction date and price: Oct 1, 2026 @ $0.00 for both awards (transaction code A = award/grant).
• Shares owned after the transaction: not reported in the filing.
• Vesting and payout conditions:
  • Each restricted stock unit (RSU) represents a contingent right to one share (F1). RSUs will vest in full on Nov 15, 2030 if the holder remains a service provider through the vesting date (F2).
  • Each performance stock unit (PSU) represents a contingent right to one share (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. Earned PSUs will vest on Nov 15, 2030 if the holder remains a service provider (F4).
• Filing date: Oct 5, 2026; the filing does not indicate it was late.

Why it may matter

• These were awards/grants (derivative awards), not open-market purchases or sales; PSUs are performance-contingent and RSUs vest based on continued service.
• A filing does not show why the insider traded or why the company acted.