0000827054-23-000115.txt : 20230707
0000827054-23-000115.hdr.sgml : 20230707
20230707170536
ACCESSION NUMBER: 0000827054-23-000115
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230705
FILED AS OF DATE: 20230707
DATE AS OF CHANGE: 20230707
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SANGHI STEVE
CENTRAL INDEX KEY: 0001181928
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21184
FILM NUMBER: 231077552
MAIL ADDRESS:
STREET 1: 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_168876392674655.xml
FORM 4
X0407
4
2023-07-05
0
0000827054
MICROCHIP TECHNOLOGY INC
MCHP
0001181928
SANGHI STEVE
C/O MICROCHIP TECHNOLOGY INCORPORATED
2355 WEST CHANDLER BOULEVARD
CHANDLER
AZ
85224-6199
1
1
0
0
Executive Chair
0
Common Stock
10088865
I
Shares held Indirectly, by Trust and by Family Limited Partnership.
Restricted Stock Units
2023-07-05
4
A
0
6687
0
A
Common Stock
6687.0
6687
D
Performance Stock Units
2023-07-05
4
A
0
6688
0
A
Common Stock
6688.0
6688
D
Of the 10,088,865 shares held, 4,182,993 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership.
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 August 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.
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, 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 August 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.
Deborah L. Wussler, as Attorney-in-Fact
2023-07-07