Stephen V. Drehobl - Feb 15, 2024 Form 4 Insider Report for MICROCHIP TECHNOLOGY INC (MCHP)

Role
Senior VP, MCU8/MCU16 BU
Signature
Deborah L. Wussler, as Attorney-in-Fact
Stock symbol
MCHP
Transactions as of
Feb 15, 2024
Transactions value $
$278,389
Form type
4
Date filed
2/20/2024, 04:23 PM
Previous filing
Jan 31, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHP Common Stock Options Exercise $228K +2.76K +3.12% $82.51 91.2K Feb 15, 2024 Direct
transaction MCHP Common Stock Tax liability -$67K -812 -0.89% $82.51 90.4K Feb 15, 2024 Direct
transaction MCHP Common Stock Options Exercise $161K +1.95K +2.16% $82.51 92.3K Feb 15, 2024 Direct
transaction MCHP Common Stock Tax liability -$43.2K -524 -0.57% $82.51 91.8K Feb 15, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCHP Restricted Stock Units Options Exercise $0 -2.76K -100% $0.00* 0 Feb 15, 2024 Common Stock 2.76K $82.51 Direct F1
transaction MCHP Restricted Stock Units Options Exercise $0 -1.95K -14.3% $0.00 11.7K Feb 15, 2024 Common Stock 1.95K $82.51 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vested in full on February 15, 2024. Vested shares were delivered to the reporting person upon vest.
F2 The restricted stock units vest in four quarterly installments of 1,948 shares beginning November 15, 2023, and eight quarterly installments of 972 shares beginning on November 15, 2024, as long as the individual remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.