Mark J. Murphy - Apr 18, 2022 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
EVP & Chief Financial Officer
Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Apr 18, 2022
Transactions value $
$0
Form type
4
Date filed
4/20/2022, 08:53 PM
Previous filing
Aug 11, 2021
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +71.3K $0.00 71.3K Apr 18, 2022 Direct F1, F2
transaction MU Common Stock Award $0 +18.8K +26.32% $0.00 90.1K Apr 18, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MU Performance Restricted Stock Units Award $0 +17.8K $0.00 17.8K Apr 18, 2022 Common Stock 17.8K $0.00 Direct F1, F4
transaction MU Performance Restricted Stock Units Award $0 +17.8K $0.00 17.8K Apr 18, 2022 Common Stock 17.8K $0.00 Direct F1, F5
transaction MU Performance Restricted Stock Units Award $0 +29.6K $0.00 29.6K Apr 18, 2022 Common Stock 29.6K $0.00 Direct F1, F6
transaction MU Performance Restricted Stock Units Award $0 +4.69K +26.32% $0.00 22.5K Apr 18, 2022 Common Stock 4.69K $0.00 Direct F3, F4
transaction MU Performance Restricted Stock Units Award $0 +4.69K +26.32% $0.00 22.5K Apr 18, 2022 Common Stock 4.69K $0.00 Direct F3, F5
transaction MU Performance Restricted Stock Units Award $0 +7.79K +26.32% $0.00 37.4K Apr 18, 2022 Common Stock 7.79K $0.00 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Relates to a one-time new hire award, which consisted of 50% time-vested restricted stock shares and 50% performance restricted stock units.
F2 Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant.
F3 Relates to a pro-rated 2022 annual equity award, which consisted of 50% time-vested restricted stock shares and 50% performance restricted stock units
F4 Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to Data Center NAND delivery and solutions over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on April 18, 2022), and certification of such performance by the Compensation Committee.
F5 Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to High Value NAND delivery and solutions over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on April 18, 2022), and certification of such performance by the Compensation Committee.
F6 Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on April 18, 2022), and certification of such performance by the Compensation Committee.