Robert P. Beard - 13 Oct 2022 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
SVP, General Counsel&Secretary
Signature
Mai Lan Bui, Attorney-in-fact
Issuer symbol
MU
Transactions as of
13 Oct 2022
Net transactions value
-$37,231
Form type
4
Filing time
17 Oct 2022, 17:01:36 UTC
Previous filing
04 Oct 2022
Next filing
03 Nov 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 +30,806 +274% $0.000000 42,043 13 Oct 2022 Direct F1
transaction MU Common Stock Options Exercise $0 +1,217 +2.9% $0.000000 43,260 13 Oct 2022 Direct F2
transaction MU Common Stock Tax liability $19,518 -370 -0.86% $52.75 42,890 13 Oct 2022 Direct F3
transaction MU Common Stock Options Exercise $0 +1,107 +2.6% $0.000000 43,997 16 Oct 2022 Direct F2
transaction MU Common Stock Tax liability $17,714 -336 -0.76% $52.72 43,661 16 Oct 2022 Direct 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 Restricted Stock Units Options Exercise $0 -1,217 -25% $0.000000 3,654 13 Oct 2022 Common Stock 1,217 $0.000000 Direct F4
transaction MU Performance Restricted Stock Units Award $0 +12,147 $0.000000 12,147 13 Oct 2022 Common Stock 12,147 $0.000000 Direct F5
transaction MU Performance Restricted Stock Units Award $0 +7,701 $0.000000 7,701 13 Oct 2022 Common Stock 7,701 $0.000000 Direct F6
transaction MU Performance Restricted Stock Units Award $0 +7,701 $0.000000 7,701 13 Oct 2022 Common Stock 7,701 $0.000000 Direct F7
transaction MU Restricted Stock Unit Options Exercise $0 -1,107 -33% $0.000000 2,214 16 Oct 2022 Common Stock 1,107 $0.000000 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter.
F2 Acquisition resulted from the vesting of an equal number of Restricted Stock Units.
F3 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F4 Restricted Stock Units vest in equal installments on October 13, 2022, 2023, 2024, and 2025.
F5 Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to relative total shareholder return over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 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 based upon the achievement of pre-established performance goals related to NAND delivery and solutions over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F7 Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to DRAM revenue over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F8 Restricted Stock Units vested or will vest in equal installments on October 16, 2021, 2022, 2023, and 2024.