0000827054-23-000054.txt : 20230405
0000827054-23-000054.hdr.sgml : 20230405
20230405181433
ACCESSION NUMBER: 0000827054-23-000054
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230403
FILED AS OF DATE: 20230405
DATE AS OF CHANGE: 20230405
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOORTHY GANESH
CENTRAL INDEX KEY: 0001218184
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21184
FILM NUMBER: 23803785
MAIL ADDRESS:
STREET 1: MICROCHIP
STREET 2: 2355 W CHANDLER BLVD
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_168073286109414.xml
FORM 4
X0407
4
2023-04-03
0
0000827054
MICROCHIP TECHNOLOGY INC
MCHP
0001218184
MOORTHY GANESH
C/O MICROCHIP TECHNOLOGY INCORPORATED
2355 WEST CHANDLER BOULEVARD
CHANDLER
AZ
85224-6199
1
1
0
0
President & CEO
0
Common Stock
755854
I
Shares held Indirectly, by Trust.
Restricted Stock Units
2023-04-03
4
A
0
10800
0
A
Common Stock
10800.0
10800
D
Performance Stock Units
2023-04-03
4
A
0
10801
0
A
Common Stock
10801.0
10801
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 17, 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.
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, 2026. 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 42.0% 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 17, 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.
Deborah L. Wussler, as Attorney-in-Fact
2023-04-05