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

Role
EVP & Chief Financial Officer
Signature
Mai Lan Bui, Attorney-in-fact
Issuer symbol
MU
Transactions as of
18 Apr 2022
Net transactions value
$0
Form type
4
Filing time
20 Apr 2022, 20:53:32 UTC
Previous filing
11 Aug 2021
Next filing
23 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +71,296 $0.000000 71,296 18 Apr 2022 Direct F1, F2
transaction MU Common Stock Award $0 +18,765 +26% $0.000000 90,061 18 Apr 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 +17,824 $0.000000 17,824 18 Apr 2022 Common Stock 17,824 $0.000000 Direct F1, F4
transaction MU Performance Restricted Stock Units Award $0 +17,824 $0.000000 17,824 18 Apr 2022 Common Stock 17,824 $0.000000 Direct F1, F5
transaction MU Performance Restricted Stock Units Award $0 +29,593 $0.000000 29,593 18 Apr 2022 Common Stock 29,593 $0.000000 Direct F1, F6
transaction MU Performance Restricted Stock Units Award $0 +4,691 +26% $0.000000 22,515 18 Apr 2022 Common Stock 4,691 $0.000000 Direct F3, F4
transaction MU Performance Restricted Stock Units Award $0 +4,691 +26% $0.000000 22,515 18 Apr 2022 Common Stock 4,691 $0.000000 Direct F3, F5
transaction MU Performance Restricted Stock Units Award $0 +7,789 +26% $0.000000 37,382 18 Apr 2022 Common Stock 7,789 $0.000000 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.