Sumit Sadana - 13 Oct 2023 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role: EVP, Chief Business Officer
Signature: Mai Lan Bui, Attorney-in-fact
Issuer symbol: MU
Transactions as of: 13 Oct 2023
Net transactions value: -$4,412,584
Form type: 4
Filing time: 17 Oct 2023, 20:14:12 UTC
Previous filing: 04 Aug 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	+64,516	+31%	$0.000000	273,503	13 Oct 2023	Direct	F1
transaction	MU	Common Stock	Options Exercise	$0	+31,286	+11%	$0.000000	304,789	13 Oct 2023	Direct	F2
transaction	MU	Common Stock	Tax liability	$1,030,696	-14,777	-4.8%	$69.75	290,012	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+12,425	+4.3%	$0.000000	302,437	13 Oct 2023	Direct	F4
transaction	MU	Common Stock	Tax liability	$409,781	-5,875	-1.9%	$69.75	296,562	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+2,550	+0.86%	$0.000000	299,112	13 Oct 2023	Direct	F5
transaction	MU	Common Stock	Tax liability	$92,419	-1,325	-0.44%	$69.75	297,787	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+2,550	+0.86%	$0.000000	300,337	13 Oct 2023	Direct	F5
transaction	MU	Common Stock	Tax liability	$92,419	-1,325	-0.44%	$69.75	299,012	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+12,071	+4%	$0.000000	311,083	13 Oct 2023	Direct	F6
transaction	MU	Common Stock	Tax liability	$437,263	-6,269	-2%	$69.75	304,814	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Tax liability	$712,706	-10,218	-3.4%	$69.75	294,596	13 Oct 2023	Direct	F3
transaction	MU	Common Stock	Tax liability	$921,600	-13,316	-4.5%	$69.21	281,280	15 Oct 2023	Direct	F3
transaction	MU	Common Stock	Tax liability	$715,701	-10,341	-3.7%	$69.21	270,939	16 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	-15,643	-100%	$0.000000^*	0	13 Oct 2023	Common Stock	31,286	$0.000000	Direct	F2, F7
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-13,218	-100%	$0.000000^*	0	13 Oct 2023	Common Stock	12,425	$0.000000	Direct	F4, F8
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-7,728	-50%	$0.000000	7,728	13 Oct 2023	Common Stock	2,550	$0.000000	Direct	F5, F9
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-7,728	-50%	$0.000000	7,728	13 Oct 2023	Common Stock	2,550	$0.000000	Direct	F5, F10
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-12,980	-50%	$0.000000	12,980	13 Oct 2023	Common Stock	12,071	$0.000000	Direct	F6, F11

* 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.
F10	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 October 13, 2021), and certification of such performance by the Compensation Committee.
F11	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 October 13, 2021), and certification of such performance by the Compensation Committee.
F2	The Compensation Committee certified achievement of pre-established performance goals related to NAND delivery and solutions at 200% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 16, 2020. 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 October 16, 2020. 100% of any shares earned as a result of the achievement of the performance goals measured at the end of year 3 of the performance period as well as certain unvested shares earned as a result of the achievement of performance goals measured at the end of year 2 of the performance period which remained subject to vesting vested upon certification of the achievement of performance goals in 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 October 16, 2020. 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 October 16, 2020. 100% of any shares earned as a result of the achievement of the performance goals measured at the end of year 3 of the performance period as well as certain unvested shares earned as a result of the achievement of performance goals measured at the end of year 2 of the performance period which remained subject to vesting vested upon certification of the achievement of performance goals at the end of year 3 of the performance period.
F5	The Compensation Committee certified achievement of pre-established performance goals at a level of 33% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2021. 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 October 13, 2021. 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.
F6	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 October 13, 2021. 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 October 13, 2021. 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.
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 NAND delivery and solutions over a 3-year performance period beginning September 4, 2020 and ending August 31, 2023 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 16, 2020), and certification of such performance by the Compensation Committee.
F8	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 4, 2020 and ending August 31, 2023 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 16, 2020), and certification of such performance by the Compensation Committee.
F9	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 PRSUs awarded on October 13, 2021), and certification of such performance by the Compensation Committee.