MICROCHIP TECHNOLOGY INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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Dec 31, 2023 · Filed Feb 1, 2024
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Item 5. Other Information
Securities Trading Plans of Directors and Executive Officers
The following officer, as defined in Rule 16a-1(f) of the Exchange Act, adopted a “Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, as follows:
On November 29, 2023, J. Eric Bjornholt, our Senior Vice President and Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale of an aggregate of up to 40,621 shares of our common stock acquired by Mr. Bjornholt pursuant to Restricted Stock Awards. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The first date that sales of any shares are permitted to be sold under the trading arrangement will be May 23, 2024, and subsequent sales under the trading arrangement may occur on a regular basis for the duration of the trading arrangement until February 24, 2026.
No other officers or directors, as defined in Rule 16a-1(f), adopted and/orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the last fiscal quarter.
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