Form 4: Microchip Technology Executive Chair Steve Sanghi Reports Stock Transactions
SEC Form 4
Steve Sanghi, Executive Chair of Microchip Technology, reports the acquisition and disposal of company stock and restricted stock units on August 15, 2024.
Summary
- On August 15, 2024, Steve Sanghi, the Executive Chair of Microchip Technology, engaged in transactions involving the company's stock.
- Sanghi acquired 12,744 shares of common stock at a price of $81.30.
- He also disposed of 5,270 shares at the same price ($81.30).
- These transactions resulted in Sanghi holding 10,111,464 shares indirectly through The Sanghi Trust and The Sanghi Family Limited Partnership.
- Additionally, 12,744 restricted stock units vested on August 15, 2024, and the vested shares were delivered to Sanghi.
- The filing was signed by Deborah L. Wussler as Attorney-in-Fact on August 19, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by an insider, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock transactions and vesting of restricted stock units. |
| 08/19/2024 | Date of filing, signed by Deborah L. Wussler as Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.