Sanjay Mehrotra - 13 Oct 2023 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
CEO and President, Director
Signature
Mai Lan Bui, Attorney-in-fact
Issuer symbol
MU
Transactions as of
13 Oct 2023
Net transactions value
-$12,513,575
Form type
4
Filing time
17 Oct 2023, 20:15:00 UTC
Previous filing
12 Oct 2023
Next filing
19 Oct 2023
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 +119,176 +20% $0.000000 702,038 13 Oct 2023 Direct F1
transaction MU Common Stock Options Exercise $0 +89,045 +13% $0.000000 791,083 13 Oct 2023 Direct F2
transaction MU Common Stock Tax liability $2,933,406 -42,056 -5.3% $69.75 749,027 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +35,363 +4.7% $0.000000 784,390 13 Oct 2023 Direct F4
transaction MU Common Stock Tax liability $1,166,220 -16,720 -2.1% $69.75 767,670 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +7,264 +0.95% $0.000000 774,934 13 Oct 2023 Direct F5
transaction MU Common Stock Tax liability $263,167 -3,773 -0.49% $69.75 771,161 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +7,264 +0.94% $0.000000 778,425 13 Oct 2023 Direct F5
transaction MU Common Stock Tax liability $263,167 -3,773 -0.48% $69.75 774,652 13 Oct 2023 Direct F3
transaction MU Common Stock Options Exercise $0 +34,385 +4.4% $0.000000 809,037 13 Oct 2023 Direct F6
transaction MU Common Stock Tax liability $1,245,526 -17,857 -2.2% $69.75 791,180 13 Oct 2023 Direct F3
transaction MU Common Stock Tax liability $2,030,074 -29,105 -3.7% $69.75 762,075 13 Oct 2023 Direct F3
transaction MU Common Stock Tax liability $2,574,958 -37,205 -4.9% $69.21 724,870 15 Oct 2023 Direct F3
transaction MU Common Stock Tax liability $2,037,058 -29,433 -4.1% $69.21 695,437 16 Oct 2023 Direct F3
holding MU Common Stock 601,257 13 Oct 2023 GRAT F7

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 -44,523 -100% $0.000000* 0 13 Oct 2023 Common Stock 89,045 $0.000000 Direct F2, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -37,620 -100% $0.000000* 0 13 Oct 2023 Common Stock 35,363 $0.000000 Direct F4, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -22,013 -50% $0.000000 22,014 13 Oct 2023 Common Stock 7,264 $0.000000 Direct F5, F10
transaction MU Performance Restricted Stock Units Options Exercise $0 -22,013 -50% $0.000000 22,014 13 Oct 2023 Common Stock 7,264 $0.000000 Direct F5, F11
transaction MU Performance Restricted Stock Units Options Exercise $0 -36,973 -50% $0.000000 36,973 13 Oct 2023 Common Stock 34,385 $0.000000 Direct F6, F12
* 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 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.
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 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.
F12 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 Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
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 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.
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 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.