Form 4: Microchip Technology CFO James Eric Bjornholt Reports Stock Transactions
SEC Form 4 Filing
James Eric Bjornholt, Senior VP and CFO of Microchip Technology, reports transactions involving common stock and restricted stock units.
Summary
- On August 15, 2024, James Eric Bjornholt, the Senior VP and CFO of Microchip Technology, engaged in multiple transactions involving Microchip Technology's common stock.
- Bjornholt acquired 2,216 shares of common stock at a price of $81.30 through the vesting of restricted stock units.
- He also acquired 1,554 shares of common stock at a price of $81.30 through the vesting of restricted stock units.
- Simultaneously, Bjornholt disposed of 950 shares of common stock at a price of $81.30.
- He also disposed of 666 shares of common stock at a price of $81.30.
- Following these transactions, Bjornholt indirectly owns 35,411 shares of common stock through a trust and directly owns 6,208 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is typical for executives to receive and trade company stock as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the reporting person.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the reported transactions (acquisition and disposal of common stock and vesting of restricted stock units). |
| 08/19/2024 | Date of signature by Deborah L. Wussler, as Attorney-in-Fact. |
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