Steve Sanghi

Steve Sanghi has built a reputation as a transformative leader with deep roots in the semiconductor industry, demonstrating steadfast dedication over a multi-decade career at Microchip Technology Incorporated. " " His leadership is marked by his ability to navigate through periods of rapid growth, operational challenges, and evolving market conditions, reflecting both strategic foresight and resilience. " "

Throughout his extensive career, he has assumed critical roles—not only as President and CEO but also as Chair of the Board—thereby shaping the company’s strategic direction and driving its success over decades. " " His recent return as Interim CEO and President underscores his commitment to revitalizing the business during challenging times and his readiness to implement decisive turnaround measures. " "

In addition to his influential work at Microchip, his service on the boards of other publicly traded companies further illustrates his broad impact on the technology sector. His career is characterized by a blend of technical expertise, strategic vision, and a passion for innovation that continues to inspire confidence in the industry. " "

Performance-Based RSUs (PSUs)

Additional Details

• Performance Compensation Components: The PSUs represent the performance-based component of Steve Sanghi's equity awards for fiscal 2024. " "
• Evaluation Period: The performance is evaluated over a 12-quarter (3-year) period tied to non-GAAP operating income as a percentage of net sales. "
• Thresholds/Targets and Weights: Specific performance thresholds or detailed targets beyond the earnings metric are not explicitly provided in the documents. " "
• Other Considerations: Payment outcomes can range from receiving no shares up to 200% of the target number, depending on performance achievement. "