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

Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Oct 13, 2022
Transactions value $
-$37,231
Form type
4
Date filed
10/17/2022, 05:01 PM
Previous filing
Oct 4, 2022
Next filing
Nov 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +30.8K +274.15% $0.00 42K Oct 13, 2022 Direct F1
transaction MU Common Stock Options Exercise $0 +1.22K +2.89% $0.00 43.3K Oct 13, 2022 Direct F2
transaction MU Common Stock Tax liability -$19.5K -370 -0.86% $52.75 42.9K Oct 13, 2022 Direct F3
transaction MU Common Stock Options Exercise $0 +1.11K +2.58% $0.00 44K Oct 16, 2022 Direct F2
transaction MU Common Stock Tax liability -$17.7K -336 -0.76% $52.72 43.7K Oct 16, 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 -1.22K -24.98% $0.00 3.65K Oct 13, 2022 Common Stock 1.22K $0.00 Direct F4
transaction MU Performance Restricted Stock Units Award $0 +12.1K $0.00 12.1K Oct 13, 2022 Common Stock 12.1K $0.00 Direct F5
transaction MU Performance Restricted Stock Units Award $0 +7.7K $0.00 7.7K Oct 13, 2022 Common Stock 7.7K $0.00 Direct F6
transaction MU Performance Restricted Stock Units Award $0 +7.7K $0.00 7.7K Oct 13, 2022 Common Stock 7.7K $0.00 Direct F7
transaction MU Restricted Stock Unit Options Exercise $0 -1.11K -33.33% $0.00 2.21K Oct 16, 2022 Common Stock 1.11K $0.00 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.