[Form 4] The Hershey Company Insider Trading Activity
Microchip Technology Inc. (MCHP) Form 4 filed 07/03/2025 reports new equity incentives for Senior Vice President, Worldwide Client Engagement, Joseph R. Krawczyk II.
Current ownership: Krawczyk continues to hold 15,269 common shares directly; no shares were bought or sold.
Derivative grants made on 07/01/2025:
- 1,570 Performance Stock Units (PSUs) tied to achieving a 29.0% cumulative non-GAAP operating margin over 12 quarters ending 06/30/2028; earned shares vest 08/15/2029.
- 111 PSUs with the same performance metric, vesting 08/15/2028.
- Restricted Stock Units (RSUs): 67 vesting 08/15/2027, 111 vesting 08/15/2028, and 1,569 vesting 08/15/2029.
All awards convert 1-for-1 into common stock at a $0 exercise price if service requirements are met. Total new potential shares: 3,428.
Investment view: The grants strengthen long-term alignment between management compensation and profitability goals without immediate cash cost or insider selling. Dilution risk is minimal given Microchip鈥檚 large share base, but the awards signal management鈥檚 focus on maintaining at least a 29% non-GAAP operating margin through FY2028.
Microchip Technology Inc. (MCHP) ha depositato il Form 4 il 03/07/2025, riportando nuovi incentivi azionari per il Senior Vice President, Worldwide Client Engagement, Joseph R. Krawczyk II.
Propriet脿 attuale: Krawczyk detiene ancora 15.269 azioni ordinarie direttamente; non sono state acquistate n茅 vendute azioni.
Concessioni di strumenti derivati effettuate il 01/07/2025:
- 1.570 Performance Stock Units (PSU) legate al raggiungimento di un margine operativo cumulativo non-GAAP del 29,0% su 12 trimestri fino al 30/06/2028; le azioni guadagnate maturano il 15/08/2029.
- 111 PSU con lo stesso parametro di performance, con maturazione il 15/08/2028.
- Restricted Stock Units (RSU): 67 con maturazione il 15/08/2027, 111 il 15/08/2028 e 1.569 il 15/08/2029.
Tutti i premi si convertono 1 a 1 in azioni ordinarie senza prezzo di esercizio se vengono soddisfatti i requisiti di servizio. Totale nuove azioni potenziali: 3.428.
Visione sull'investimento: Questi incentivi rafforzano l鈥檃llineamento a lungo termine tra la remunerazione del management e gli obiettivi di redditivit脿, senza costi cash immediati o vendite da parte degli insider. Il rischio di diluizione 猫 minimo dato l鈥檃mpio numero di azioni di Microchip, ma i premi indicano la volont脿 della direzione di mantenere almeno un margine operativo non-GAAP del 29% fino all鈥檈sercizio 2028.
Microchip Technology Inc. (MCHP) present贸 el Formulario 4 el 03/07/2025, reportando nuevos incentivos de acciones para el Vicepresidente Senior de Participaci贸n Global con Clientes, Joseph R. Krawczyk II.
Propiedad actual: Krawczyk contin煤a poseyendo 15,269 acciones comunes directamente; no se compraron ni vendieron acciones.
Concesiones de derivados realizadas el 01/07/2025:
- 1,570 Unidades de Acciones por Desempe帽o (PSU) vinculadas a alcanzar un margen operativo acumulado no-GAAP del 29.0% durante 12 trimestres hasta el 30/06/2028; las acciones ganadas se consolidan el 15/08/2029.
- 111 PSU con la misma m茅trica de desempe帽o, consolid谩ndose el 15/08/2028.
- Unidades de Acciones Restringidas (RSU): 67 que consolidan el 15/08/2027, 111 el 15/08/2028 y 1,569 el 15/08/2029.
Todos los premios se convierten 1 a 1 en acciones comunes sin precio de ejercicio si se cumplen los requisitos de servicio. Total de nuevas acciones potenciales: 3,428.
Perspectiva de inversi贸n: Las concesiones refuerzan la alineaci贸n a largo plazo entre la compensaci贸n de la gerencia y los objetivos de rentabilidad sin costo de efectivo inmediato ni ventas internas. El riesgo de diluci贸n es m铆nimo dado el gran n煤mero de acciones de Microchip, pero los premios se帽alan el enfoque de la gerencia en mantener al menos un margen operativo no-GAAP del 29% hasta el a帽o fiscal 2028.
毵堨澊韥旃� 韰岉伂雴�搿滌(Microchip Technology Inc., MCHP)電� 2025雲� 7鞗� 3鞚� 鞝滌稖霅� Form 4毳� 韱淀暣 旮�搿滊矊 瓿犼皾 彀胳棳 雼措嫻 靾橃劃 攵�靷灔 Joseph R. Krawczyk II鞐� 雽�頃� 靸堧鞖� 欤检嫕 鞚胳劶韹半笇毳� 氤搓碃頄堨姷雼堧嫟.
順勳灛 氤挫湢 順勴櫓: Krawczyk電� 歆侅爲 氤错喌欤� 15,269欤茧ゼ 瓿勳啀 氤挫湢頃橁碃 鞛堨溂氅�, 欤检嫕鞚� 毵れ垬頃橁卑雮� 毵る弰頃橃 鞎婌晿鞀惦媹雼�.
2025雲� 7鞗� 1鞚检棎 攵�鞐悳 韺岇儩靸來拡:
- 12攵勱赴 霃欖晥 雸勳爜 牍�-GAAP 鞓侅梾鞚挫澋毳� 29.0% 雼劚鞐� 鞐半彊霅� 1,570 Performance Stock Units(PSU); 須嶋摑頃� 欤检嫕鞚� 2029雲� 8鞗� 15鞚检棎 氩犾姢韺呺惄雼堧嫟.
- 霃欖澕 靹标臣 歆�響滌棎 霐半ジ 111 PSU, 2028雲� 8鞗� 15鞚� 氩犾姢韺�.
- Restricted Stock Units(RSU): 67欤�(2027雲� 8鞗� 15鞚� 氩犾姢韺�), 111欤�(2028雲� 8鞗� 15鞚� 氩犾姢韺�), 1,569欤�(2029雲� 8鞗� 15鞚� 氩犾姢韺�).
氇摖 氤挫儊鞚� 靹滊箘鞀� 鞖旉贝 於╈” 鞁� 頄夓偓臧�瓴� 鞐嗢澊 1雽�1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�. 鞁犼窚 鞛犾灛 氚滍枆 欤检嫕 齑濎垬: 3,428欤�鞛呺媹雼�.
韴瀽 甏�鞝�: 鞚措矆 攵�鞐姅 歃夑皝鞝侅澑 順勱笀 牍勳毄鞚措倶 雮措秬鞛� 毵る弰 鞐嗢澊 瓴届榿歆� 氤挫儊瓿� 靾橃澋靹� 氇╉憸 臧� 鞛リ赴鞝� 鞝曤牞鞚� 臧曧檾頃╇媹雼�. 毵堨澊韥旃╈潣 雽�攴滊 欤检嫕 旮半皹鞚� 瓿犽牑頃� 霑� 頋劃 鞙勴棙鞚� 氙鸽頃橃毵�, 鞚措矆 氤挫儊鞚� 2028 須岅硠鞐半弰旯岇 斓滌唽 29% 牍�-GAAP 鞓侅梾鞚挫澋毳� 鞙犾毳� 瓴届榿歆勳澊 欷戩嫓頃潉 鞁滌偓頃╇媹雼�.
Microchip Technology Inc. (MCHP) a d茅pos茅 le Formulaire 4 le 03/07/2025, rapportant de nouvelles incitations en actions pour le Vice-Pr茅sident Senior, Engagement Client Mondial, Joseph R. Krawczyk II.
Possession actuelle : Krawczyk d茅tient toujours 15 269 actions ordinaires directement ; aucune action n鈥檃 茅t茅 achet茅e ou vendue.
Attributions de d茅riv茅s effectu茅es le 01/07/2025 :
- 1 570 unit茅s d鈥檃ctions de performance (PSU) li茅es 脿 l鈥檃tteinte d鈥檜ne marge op茅rationnelle non-GAAP cumul茅e de 29,0 % sur 12 trimestres se terminant le 30/06/2028 ; les actions acquises seront acquises le 15/08/2029.
- 111 PSU avec le m锚me crit猫re de performance, acquises le 15/08/2028.
- Unit茅s d鈥檃ctions restreintes (RSU) : 67 acquises le 15/08/2027, 111 le 15/08/2028, et 1 569 le 15/08/2029.
Toutes les attributions se convertissent 1 pour 1 en actions ordinaires sans prix d鈥檈xercice si les conditions de service sont remplies. Total des nouvelles actions potentielles : 3 428.
Point de vue sur l鈥檌nvestissement : Ces attributions renforcent l鈥檃lignement 脿 long terme entre la r茅mun茅ration de la direction et les objectifs de rentabilit茅, sans co没t en liquidit茅s imm茅diat ni vente d鈥檌niti茅s. Le risque de dilution est minimal compte tenu de la grande base d鈥檃ctions de Microchip, mais ces attributions indiquent l鈥檃ttention de la direction 脿 maintenir au moins une marge op茅rationnelle non-GAAP de 29 % jusqu鈥櫭� l鈥檈xercice 2028.
Microchip Technology Inc. (MCHP) hat am 03.07.2025 das Formular 4 eingereicht und neue Aktienanreize f眉r den Senior Vice President Worldwide Client Engagement, Joseph R. Krawczyk II, gemeldet.
Aktueller Besitz: Krawczyk h盲lt weiterhin 15.269 Stammaktien direkt; es wurden keine Aktien gekauft oder verkauft.
Am 01.07.2025 gew盲hrte derivative Zuteilungen:
- 1.570 Performance Stock Units (PSUs), die an das Erreichen einer kumulierten Non-GAAP-Betriebsmarge von 29,0 % 眉ber 12 Quartale bis zum 30.06.2028 gebunden sind; erworbene Aktien werden am 15.08.2029 f盲llig.
- 111 PSUs mit derselben Leistungskennzahl, F盲lligkeit am 15.08.2028.
- Restricted Stock Units (RSUs): 67 mit F盲lligkeit am 15.08.2027, 111 am 15.08.2028 und 1.569 am 15.08.2029.
Alle Zuteilungen wandeln sich 1:1 in Stammaktien ohne Aus眉bungspreis um, sofern die Dienstanforderungen erf眉llt sind. Insgesamt neue potenzielle Aktien: 3.428.
Investmentbewertung: Die Zuteilungen st盲rken die langfristige Ausrichtung zwischen Managementverg眉tung und Profitabilit盲tszielen, ohne unmittelbare Baraufwendungen oder Insiderverk盲ufe. Das Verw盲sserungsrisiko ist angesichts der gro脽en Aktienbasis von Microchip minimal, doch die Zuteilungen signalisieren den Fokus des Managements auf die Aufrechterhaltung einer Non-GAAP-Betriebsmarge von mindestens 29 % bis zum Gesch盲ftsjahr 2028.
- Performance-based PSUs link compensation to a 29% cumulative non-GAAP operating margin, aligning incentives with profitability.
- No insider sales were reported, indicating management is accumulating rather than distributing shares.
- Long-term vesting schedule (2027-2029) supports executive retention over multiple product cycles.
- Potential dilution of 3,428 shares, though immaterial, will incrementally increase share count upon vesting.
- Extended vesting horizon delays realization of performance alignment benefits for shareholders.
Insights
TL;DR: Performance-linked grants reward margin execution; no selling, limited dilution鈥攐verall governance-friendly.
The filing shows Microchip tying senior leadership pay to a clearly disclosed profitability metric鈥攃umulative non-GAAP operating margin. That aligns shareholder and management interests, pushes a multiyear horizon, and aids retention. Because the aggregate 3,428-share award is negligible versus Microchip鈥檚 float, dilution concerns are muted. No red flags on timing or 10b5-1 usage, and the executive remains within Section 16 compliance. Overall governance impact is neutral-to-positive.
TL;DR: Routine incentive grant鈥攏eutral for valuation; underscores 29% margin target through 2028.
The grant does not change cash flows or near-term share count, so EPS forecasts remain intact. What matters is the embedded 29% margin hurdle, which offers insight into internal performance expectations. Achieving that level would support free-cash-flow strength, but the filing itself is too small to sway the stock. Market impact: likely minimal, but margin target visibility is informative.
Microchip Technology Inc. (MCHP) ha depositato il Form 4 il 03/07/2025, riportando nuovi incentivi azionari per il Senior Vice President, Worldwide Client Engagement, Joseph R. Krawczyk II.
Propriet脿 attuale: Krawczyk detiene ancora 15.269 azioni ordinarie direttamente; non sono state acquistate n茅 vendute azioni.
Concessioni di strumenti derivati effettuate il 01/07/2025:
- 1.570 Performance Stock Units (PSU) legate al raggiungimento di un margine operativo cumulativo non-GAAP del 29,0% su 12 trimestri fino al 30/06/2028; le azioni guadagnate maturano il 15/08/2029.
- 111 PSU con lo stesso parametro di performance, con maturazione il 15/08/2028.
- Restricted Stock Units (RSU): 67 con maturazione il 15/08/2027, 111 il 15/08/2028 e 1.569 il 15/08/2029.
Tutti i premi si convertono 1 a 1 in azioni ordinarie senza prezzo di esercizio se vengono soddisfatti i requisiti di servizio. Totale nuove azioni potenziali: 3.428.
Visione sull'investimento: Questi incentivi rafforzano l鈥檃llineamento a lungo termine tra la remunerazione del management e gli obiettivi di redditivit脿, senza costi cash immediati o vendite da parte degli insider. Il rischio di diluizione 猫 minimo dato l鈥檃mpio numero di azioni di Microchip, ma i premi indicano la volont脿 della direzione di mantenere almeno un margine operativo non-GAAP del 29% fino all鈥檈sercizio 2028.
Microchip Technology Inc. (MCHP) present贸 el Formulario 4 el 03/07/2025, reportando nuevos incentivos de acciones para el Vicepresidente Senior de Participaci贸n Global con Clientes, Joseph R. Krawczyk II.
Propiedad actual: Krawczyk contin煤a poseyendo 15,269 acciones comunes directamente; no se compraron ni vendieron acciones.
Concesiones de derivados realizadas el 01/07/2025:
- 1,570 Unidades de Acciones por Desempe帽o (PSU) vinculadas a alcanzar un margen operativo acumulado no-GAAP del 29.0% durante 12 trimestres hasta el 30/06/2028; las acciones ganadas se consolidan el 15/08/2029.
- 111 PSU con la misma m茅trica de desempe帽o, consolid谩ndose el 15/08/2028.
- Unidades de Acciones Restringidas (RSU): 67 que consolidan el 15/08/2027, 111 el 15/08/2028 y 1,569 el 15/08/2029.
Todos los premios se convierten 1 a 1 en acciones comunes sin precio de ejercicio si se cumplen los requisitos de servicio. Total de nuevas acciones potenciales: 3,428.
Perspectiva de inversi贸n: Las concesiones refuerzan la alineaci贸n a largo plazo entre la compensaci贸n de la gerencia y los objetivos de rentabilidad sin costo de efectivo inmediato ni ventas internas. El riesgo de diluci贸n es m铆nimo dado el gran n煤mero de acciones de Microchip, pero los premios se帽alan el enfoque de la gerencia en mantener al menos un margen operativo no-GAAP del 29% hasta el a帽o fiscal 2028.
毵堨澊韥旃� 韰岉伂雴�搿滌(Microchip Technology Inc., MCHP)電� 2025雲� 7鞗� 3鞚� 鞝滌稖霅� Form 4毳� 韱淀暣 旮�搿滊矊 瓿犼皾 彀胳棳 雼措嫻 靾橃劃 攵�靷灔 Joseph R. Krawczyk II鞐� 雽�頃� 靸堧鞖� 欤检嫕 鞚胳劶韹半笇毳� 氤搓碃頄堨姷雼堧嫟.
順勳灛 氤挫湢 順勴櫓: Krawczyk電� 歆侅爲 氤错喌欤� 15,269欤茧ゼ 瓿勳啀 氤挫湢頃橁碃 鞛堨溂氅�, 欤检嫕鞚� 毵れ垬頃橁卑雮� 毵る弰頃橃 鞎婌晿鞀惦媹雼�.
2025雲� 7鞗� 1鞚检棎 攵�鞐悳 韺岇儩靸來拡:
- 12攵勱赴 霃欖晥 雸勳爜 牍�-GAAP 鞓侅梾鞚挫澋毳� 29.0% 雼劚鞐� 鞐半彊霅� 1,570 Performance Stock Units(PSU); 須嶋摑頃� 欤检嫕鞚� 2029雲� 8鞗� 15鞚检棎 氩犾姢韺呺惄雼堧嫟.
- 霃欖澕 靹标臣 歆�響滌棎 霐半ジ 111 PSU, 2028雲� 8鞗� 15鞚� 氩犾姢韺�.
- Restricted Stock Units(RSU): 67欤�(2027雲� 8鞗� 15鞚� 氩犾姢韺�), 111欤�(2028雲� 8鞗� 15鞚� 氩犾姢韺�), 1,569欤�(2029雲� 8鞗� 15鞚� 氩犾姢韺�).
氇摖 氤挫儊鞚� 靹滊箘鞀� 鞖旉贝 於╈” 鞁� 頄夓偓臧�瓴� 鞐嗢澊 1雽�1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�. 鞁犼窚 鞛犾灛 氚滍枆 欤检嫕 齑濎垬: 3,428欤�鞛呺媹雼�.
韴瀽 甏�鞝�: 鞚措矆 攵�鞐姅 歃夑皝鞝侅澑 順勱笀 牍勳毄鞚措倶 雮措秬鞛� 毵る弰 鞐嗢澊 瓴届榿歆� 氤挫儊瓿� 靾橃澋靹� 氇╉憸 臧� 鞛リ赴鞝� 鞝曤牞鞚� 臧曧檾頃╇媹雼�. 毵堨澊韥旃╈潣 雽�攴滊 欤检嫕 旮半皹鞚� 瓿犽牑頃� 霑� 頋劃 鞙勴棙鞚� 氙鸽頃橃毵�, 鞚措矆 氤挫儊鞚� 2028 須岅硠鞐半弰旯岇 斓滌唽 29% 牍�-GAAP 鞓侅梾鞚挫澋毳� 鞙犾毳� 瓴届榿歆勳澊 欷戩嫓頃潉 鞁滌偓頃╇媹雼�.
Microchip Technology Inc. (MCHP) a d茅pos茅 le Formulaire 4 le 03/07/2025, rapportant de nouvelles incitations en actions pour le Vice-Pr茅sident Senior, Engagement Client Mondial, Joseph R. Krawczyk II.
Possession actuelle : Krawczyk d茅tient toujours 15 269 actions ordinaires directement ; aucune action n鈥檃 茅t茅 achet茅e ou vendue.
Attributions de d茅riv茅s effectu茅es le 01/07/2025 :
- 1 570 unit茅s d鈥檃ctions de performance (PSU) li茅es 脿 l鈥檃tteinte d鈥檜ne marge op茅rationnelle non-GAAP cumul茅e de 29,0 % sur 12 trimestres se terminant le 30/06/2028 ; les actions acquises seront acquises le 15/08/2029.
- 111 PSU avec le m锚me crit猫re de performance, acquises le 15/08/2028.
- Unit茅s d鈥檃ctions restreintes (RSU) : 67 acquises le 15/08/2027, 111 le 15/08/2028, et 1 569 le 15/08/2029.
Toutes les attributions se convertissent 1 pour 1 en actions ordinaires sans prix d鈥檈xercice si les conditions de service sont remplies. Total des nouvelles actions potentielles : 3 428.
Point de vue sur l鈥檌nvestissement : Ces attributions renforcent l鈥檃lignement 脿 long terme entre la r茅mun茅ration de la direction et les objectifs de rentabilit茅, sans co没t en liquidit茅s imm茅diat ni vente d鈥檌niti茅s. Le risque de dilution est minimal compte tenu de la grande base d鈥檃ctions de Microchip, mais ces attributions indiquent l鈥檃ttention de la direction 脿 maintenir au moins une marge op茅rationnelle non-GAAP de 29 % jusqu鈥櫭� l鈥檈xercice 2028.
Microchip Technology Inc. (MCHP) hat am 03.07.2025 das Formular 4 eingereicht und neue Aktienanreize f眉r den Senior Vice President Worldwide Client Engagement, Joseph R. Krawczyk II, gemeldet.
Aktueller Besitz: Krawczyk h盲lt weiterhin 15.269 Stammaktien direkt; es wurden keine Aktien gekauft oder verkauft.
Am 01.07.2025 gew盲hrte derivative Zuteilungen:
- 1.570 Performance Stock Units (PSUs), die an das Erreichen einer kumulierten Non-GAAP-Betriebsmarge von 29,0 % 眉ber 12 Quartale bis zum 30.06.2028 gebunden sind; erworbene Aktien werden am 15.08.2029 f盲llig.
- 111 PSUs mit derselben Leistungskennzahl, F盲lligkeit am 15.08.2028.
- Restricted Stock Units (RSUs): 67 mit F盲lligkeit am 15.08.2027, 111 am 15.08.2028 und 1.569 am 15.08.2029.
Alle Zuteilungen wandeln sich 1:1 in Stammaktien ohne Aus眉bungspreis um, sofern die Dienstanforderungen erf眉llt sind. Insgesamt neue potenzielle Aktien: 3.428.
Investmentbewertung: Die Zuteilungen st盲rken die langfristige Ausrichtung zwischen Managementverg眉tung und Profitabilit盲tszielen, ohne unmittelbare Baraufwendungen oder Insiderverk盲ufe. Das Verw盲sserungsrisiko ist angesichts der gro脽en Aktienbasis von Microchip minimal, doch die Zuteilungen signalisieren den Fokus des Managements auf die Aufrechterhaltung einer Non-GAAP-Betriebsmarge von mindestens 29 % bis zum Gesch盲ftsjahr 2028.
FAQ
How many shares does MCHP executive Joseph R. Krawczyk II currently own?
What new equity awards were granted in the July 2025 Form 4 for MCHP?
What performance metric determines the PSU payout for MCHP?
When will the newly granted RSUs and PSUs vest?
Did the filing report any insider sales of MCHP stock?
