Form 4: Microchip Technology CFO James Eric Bjornholt Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior VP and CFO of Microchip Technology, James Eric Bjornholt, reports transactions involving common stock and derivative securities, including restricted stock units and performance stock units, held indirectly through a trust.
Summary
- On February 15th and 17th, 2025, James Eric Bjornholt, the Senior VP and CFO of Microchip Technology, reported changes in his beneficial ownership of the company's stock.
- These changes involve transactions of common stock and derivative securities, specifically restricted stock units (RSUs) and performance stock units (PSUs).
- The transactions include the acquisition and disposition of common stock at a price of $57.86 per share.
- Bjornholt's holdings are primarily indirect, held through a trust.
- The reported transactions reflect the vesting and delivery of shares related to previously granted RSUs and PSUs.
- The PSUs are based on Microchip's total shareholder return (TSR) compared to a peer group and cumulative non-GAAP operating margin over specified periods.
- Following these transactions, Bjornholt indirectly holds 36,996 shares of Microchip common stock through a trust.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports transactions.
Positives
- The vesting of RSUs and PSUs indicates that performance metrics or time-based vesting requirements have been met.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.
Stakeholder Impact
- The transactions reported may influence investor perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| November 15, 2023 | Start date for quarterly installments of restricted stock units vesting. |
| August 15, 2024 | Date of one quarterly installment of 1,554 shares vesting. |
| September 30, 2024 | End of the 12-quarter period for measuring cumulative non-GAAP operating margin for some Performance Stock Units. |
| November 15, 2024 | Start date for quarterly installments of restricted stock units and performance stock units vesting. |
| December 31, 2024 | End of the 8-quarter period for measuring cumulative non-GAAP operating margin for some Performance Stock Units. |
| December 31, 2022 | End of the two-year period for measuring relative total shareholder return (TSR) of Microchip common stock compared to a peer group of twenty companies. |
| February 15, 2025 | Date of multiple transactions involving common stock, restricted stock units, and performance stock units. |
| February 17, 2025 | Date of transactions involving common stock, restricted stock units, and performance stock units. |
| February 20, 2025 | Date of the form filing. |
Keywords
Microchip Technology, MCHP, James Eric Bjornholt, Beneficial Ownership, Form 4, Restricted Stock Units, Performance Stock Units, CFO, Insider Trading
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