0000827054-23-000009.txt : 20230105
0000827054-23-000009.hdr.sgml : 20230105
20230105162811
ACCESSION NUMBER: 0000827054-23-000009
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230103
FILED AS OF DATE: 20230105
DATE AS OF CHANGE: 20230105
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DREHOBL STEPHEN V
CENTRAL INDEX KEY: 0001282830
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21184
FILM NUMBER: 23511699
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_167295405986444.xml
FORM 4
X0306
4
2023-01-03
0
0000827054
MICROCHIP TECHNOLOGY INC
MCHP
0001282830
DREHOBL STEPHEN V
C/O MICROCHIP TECHNOLOGY INCORPORATED
2355 WEST CHANDLER BOULEVARD
CHANDLER
AZ
85224-6199
0
1
0
0
Senior VP, MCU8/MCU16 BU
Common Stock
67086
D
Restricted Stock Units
2023-01-03
4
A
0
3310
0
A
Common Stock
3310.0
3310
D
Restricted Stock Units
2023-01-03
4
A
0
827
0
A
Common Stock
827.0
827
D
Restricted Stock Units
2023-01-03
4
A
0
827
0
A
Common Stock
827.0
827
D
Performance Stock Units
2023-01-03
4
A
0
3311
0
A
Common Stock
3311.0
3311
D
Performance Stock Units
2023-01-03
4
A
0
828
0
A
Common Stock
828.0
828
D
Performance Stock Units
2023-01-03
4
A
0
828
0
A
Common Stock
828.0
828
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 February 15, 2027 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
The restricted stock units will vest in full on February 17, 2025 as long as the individual remains a service provider through the vesting date. Vested shares will be delivered to the reporting person upon vest.
The restricted stock units will vest in full on February 16, 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 December 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 February 15, 2027 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.
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 8 quarters ending December 31, 2024. 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 8 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 February 17, 2025 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.
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 December 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 February 16, 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
2023-01-05