July 11, 2025 · Form 4 insider transaction
Sanghi Steve bought 142,451 shares of Microchip Technology Incorporated at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
Each performance stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock.; 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, 2028. 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 29.0% 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 in 5 quarterly installments of 20,472 on 8/15/28; 24,197 on 11/15/28; 32,964 on 2/15/29; 38,660 on 5/15/29 and 26,158 on 8/15/29, 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.