Form 4: Microchip Technology CFO James Eric Bjornholt Reports Acquisition of Common Stock
SEC Form 4 Filing
James Eric Bjornholt, Senior VP and CFO of Microchip Technology, reports acquiring 15 shares of common stock through the company's employee stock purchase plan.
Summary
- On September 3, 2024, James Eric Bjornholt, Senior VP and CFO of Microchip Technology, acquired 15 shares of common stock.
- The shares were purchased at a price of $64.94 per share.
- The acquisition was made through the Microchip Technology Incorporated 2001 Employee Stock Purchase Plan.
- Following the transaction, Bjornholt beneficially owns 33,272 shares indirectly through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine transaction. The purchase through the employee stock purchase plan is a mildly positive signal.
Positives
- The acquisition of shares through the employee stock purchase plan demonstrates management's investment in the company's stock.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it reflects management's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | End of the six-month period for contributions to the Employee Stock Purchase Plan. |
| 09/03/2024 | Date of the transaction: acquisition of 15 shares of common stock. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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