Microchip Technology Inc. reported an insider ownership change for Richard J. Simoncic tied to equity awards dated July 1, 2026. The filing indicates that Simoncic received or became reportable for awards linked to Microchip common stock in the form of restricted stock units and performance stock units. The restricted stock units represent contingent rights to receive Microchip common shares on a one-for-one basis. According to the filing notes, those RSUs are scheduled to vest in full on August 15, 2030, provided Simoncic remains a service provider through that date. Once vested, the underlying shares will be delivered to him. The filing also describes performance stock units granted under Microchip’s 2004 Equity Incentive Plan. Each PSU likewise represents a contingent right to receive one share of Microchip common stock, but the number ultimately earned depends on Microchip’s cumulative non-GAAP operating margin over a 12-quarter performance period ending June 30, 2029. The target payout is based on Microchip achieving a cumulative non-GAAP operating margin of 33.5% over that measurement period. The actual number of shares earned may be above or below target depending on performance, and any earned PSUs will vest on August 15, 2030, subject to Simoncic’s continued service through that date. The provided filing text does not include the transaction table showing specific share counts, transaction codes, acquisition prices, or Simoncic’s beneficial ownership totals after the reported transactions. It does, however, make clear that the reported action concerns long-term equity compensation awards rather than an open-market purchase or sale. The filing was signed on July 6, 2026, by Deborah L. Wussler as attorney-in-fact.