Mark J. Murphy - 13 Oct 2023 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
13 Oct 2023
Net transactions value
-$1,587,329
Form type
4
Filing time
17 Oct 2023, 20:13:25 UTC
Previous filing
15 May 2023
Next filing
17 Jan 2024
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 +60,932 +40% $0.000000 213,298 13 Oct 2023 Direct F1
transaction MU Common Stock Options Exercise $0 +774 +0.36% $0.000000 214,072 13 Oct 2023 Direct F2
transaction MU Common Stock Tax liability $25,668 -368 -0.17% $69.75 213,704 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +774 +0.36% $0.000000 214,478 13 Oct 2023 Direct F2
transaction MU Common Stock Tax liability $25,668 -368 -0.17% $69.75 214,110 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +2,941 +1.4% $0.000000 217,051 13 Oct 2023 Direct F2
transaction MU Common Stock Tax liability $97,441 -1,397 -0.64% $69.75 215,654 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +2,941 +1.4% $0.000000 218,595 13 Oct 2023 Direct F2
transaction MU Common Stock Tax liability $97,441 -1,397 -0.64% $69.75 217,198 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +3,622 +1.7% $0.000000 220,820 13 Oct 2023 Direct F4
transaction MU Common Stock Tax liability $120,040 -1,721 -0.78% $69.75 219,099 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +13,760 +6.3% $0.000000 232,859 13 Oct 2023 Direct F4
transaction MU Common Stock Tax liability $455,886 -6,536 -2.8% $69.75 226,323 13 Oct 2023 Direct F3
transaction MU Common Stock Tax liability $765,186 -11,056 -4.9% $69.21 215,267 15 Oct 2023 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 Performance Restricted Stock Units Options Exercise $0 -2,345 -50% $0.000000 2,346 13 Oct 2023 Common Stock 774 $0.000000 Direct F2, F5
transaction MU Performance Restricted Stock Units Options Exercise $0 -2,345 -50% $0.000000 2,346 13 Oct 2023 Common Stock 774 $0.000000 Direct F2, F6
transaction MU Performance Restricted Stock Units Options Exercise $0 -8,912 -50% $0.000000 8,912 13 Oct 2023 Common Stock 2,941 $0.000000 Direct F2, F5
transaction MU Performance Restricted Stock Units Options Exercise $0 -8,912 -50% $0.000000 8,912 13 Oct 2023 Common Stock 2,941 $0.000000 Direct F2, F6
transaction MU Performance Restricted Stock Units Options Exercise $0 -3,894 -50% $0.000000 3,895 13 Oct 2023 Common Stock 3,622 $0.000000 Direct F4, F7
transaction MU Performance Restricted Stock Units Options Exercise $0 -14,796 -50% $0.000000 14,797 13 Oct 2023 Common Stock 13,760 $0.000000 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award vests in 33 1/3% increments annually on the anniversary of the grant.
F2 The Compensation Committee certified achievement of pre-established performance goals at a level of 33% of the target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on April 18, 2022. As reported at grant, the PRSU could result in a payout (if earned) that varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on April 18, 2022. 50% of the shares earned vested upon certification of the performance and 50% remain subject to vesting until the certification of the achievement of performance goals at the end of year 3 of the performance period.
F3 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F4 The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 93% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on April 18, 2022. As reported at grant, the PRSU could result in a payout (if earned) that varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSU awarded on April 18, 2022. 50% of the shares earned vested upon certification of the performance and 50% remain subject to vesting until the certification of performance goals at the end of year 3 of the performance period.
F5 Each performance-based restricted stock unit ("PRSU") 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 Data Center NAND delivery and solutions over a 3-year performance period beginning September 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSU awarded on April 18, 2022), and certification of such performance by the Compensation Committee.
F6 Each performance-based restricted stock unit ("PRSU") 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 High Value NAND delivery and solutions over a 3-year performance period beginning September 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on April 18, 2022), and certification of such performance by the Compensation Committee.
F7 Each performance-based restricted stock unit ("PRSU") 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 performance period beginning September 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on April 18, 2022), and certification of such performance by the Compensation Committee.