0000827054-22-000068.txt : 20220405 0000827054-22-000068.hdr.sgml : 20220405 20220405173233 ACCESSION NUMBER: 0000827054-22-000068 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220401 FILED AS OF DATE: 20220405 DATE AS OF CHANGE: 20220405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bjornholt James Eric CENTRAL INDEX KEY: 0001452681 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21184 FILM NUMBER: 22808337 MAIL ADDRESS: STREET 1: MICROCHIP TECHNOLOGY INCORPORATED STREET 2: 2355 WEST CHANDLER BOULEVARD CITY: CHANDLER STATE: AZ ZIP: 85224-6199 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MICROCHIP TECHNOLOGY INC CENTRAL INDEX KEY: 0000827054 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 860629024 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 2355 W CHANDLER BLVD CITY: CHANDLER STATE: AZ ZIP: 85224-6199 BUSINESS PHONE: 480-792-7200 MAIL ADDRESS: STREET 1: 2355 WEST CHANDLER BLVD CITY: CHANDLER STATE: AZ ZIP: 85224-6199 4 1 wf-form4_164919433371693.xml FORM 4 X0306 4 2022-04-01 0 0000827054 MICROCHIP TECHNOLOGY INC MCHP 0001452681 Bjornholt James Eric C/O MICROCHIP TECHNOLOGY INCORPORATED 2355 WEST CHANDLER BOULEVARD CHANDLER AZ 85224-6199 0 1 0 0 Senior VP and CFO Common Stock 33183 I Shares held Indirectly, by Trust. Restricted Stock Units 2022-04-01 4 A 0 1690 0 A Common Stock 1690.0 1690 D Performance Stock Units 2022-04-01 4 A 0 1690 0 A Common Stock 1690.0 1690 D Each restricted stock unit represents a contingent right to receive one share of Microchip Technology Incorporated common stock. The restricted stock units will vest in full on May 15, 2026 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest. 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 March 31, 2025. 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 40.0% 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 on May 15, 2026 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. Deborah L. Wussler, as Attorney-in-Fact 2022-04-05