0000827054-24-000093.txt : 20240517 0000827054-24-000093.hdr.sgml : 20240517 20240517170447 ACCESSION NUMBER: 0000827054-24-000093 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240515 FILED AS OF DATE: 20240517 DATE AS OF CHANGE: 20240517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SANGHI STEVE CENTRAL INDEX KEY: 0001181928 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21184 FILM NUMBER: 24961157 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] ORGANIZATION NAME: 04 Manufacturing 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 wk-form4_1715979858.xml FORM 4 X0508 4 2024-05-15 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 2024-05-15 4 M 0 16750 95.36 A 10107171 I Shares held Indirectly, by Trust and by Family Limited Partnership. Common Stock 2024-05-15 4 F 0 6927 95.36 D 10100244 I Shares held Indirectly, by Trust and by Family Limited Partnership. Common Stock 2024-05-15 4 M 0 6388 95.36 A 10106632 I Shares held Indirectly, by Trust and by Family Limited Partnership. Common Stock 2024-05-15 4 F 0 2642 95.36 D 10103990 I Shares held Indirectly, by Trust and by Family Limited Partnership. Restricted Stock Units 95.36 2024-05-15 4 M 0 16750 0 D Common Stock 16750 0 D Performance Stock Units 95.36 2024-05-15 4 M 0 16752 0 D Common Stock 16752 0 D Of the 10,107,171 shares held, 4,201,299 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. Of the 10,100,244 shares held, 4,194,372 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. Of the 10,106,632 shares held, 4,200,760 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. Of the 10,103,990 shares held, 4,198,118 shares were held by The Sanghi Trust; and 5,905,872 shares were held by The Sanghi Family Limited Partnership. The restricted stock units vested in full on May 15, 2024. Vested shares were 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 the relative total shareholder return (TSR) of Microchip common stock compared to a peer group of twenty companies over a two-year period ending on March 31, 2022. The target number of PSU shares that may be earned is reported in the table above, the minimum number of shares that may be earned is zero if Microchip's TSR is at or lower than the 25th percentile of the peer group and the maximum number of shares that may be earned is 200% of the target if Microchip's TSR is at or higher than the 75th percentile of the peer group. Earned PSUs vested on May 15, 2024. Vested shares were delivered to the reporting person upon vest. Deborah L. Wussler, as Attorney-in-Fact 2024-05-17