Manish H. Bhatia - Oct 13, 2024 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
EVP, Global Operations
Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Oct 13, 2024
Transactions value $
-$9,824,544
Form type
4
Date filed
10/16/2024, 06:04 PM
Previous filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +44.4K +16.15% $0.00 320K Oct 13, 2024 Direct F1
transaction MU Common Stock Tax liability -$1.08M -10.1K -3.17% $106.92 309K Oct 13, 2024 Direct F2
transaction MU Common Stock Tax liability -$1.17M -10.9K -3.52% $106.92 299K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +37.4K +12.52% $0.00 336K Oct 13, 2024 Direct F3
transaction MU Common Stock Tax liability -$2.02M -18.9K -5.62% $106.92 317K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +37.4K +11.79% $0.00 354K Oct 13, 2024 Direct F3
transaction MU Common Stock Tax liability -$2.02M -18.9K -5.33% $106.92 336K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +15.5K +4.61% $0.00 351K Oct 13, 2024 Direct F4
transaction MU Common Stock Tax liability -$810K -7.57K -2.16% $106.92 343K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +19.6K +5.69% $0.00 363K Oct 13, 2024 Direct F5
transaction MU Common Stock Tax liability -$1.11M -10.4K -2.86% $106.92 353K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +5.57K +1.58% $0.00 358K Oct 13, 2024 Direct F6
transaction MU Common Stock Tax liability -$316K -2.96K -0.82% $106.92 355K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +16.7K +4.69% $0.00 372K Oct 13, 2024 Direct F7
transaction MU Common Stock Tax liability -$944K -8.83K -2.37% $106.92 363K Oct 13, 2024 Direct F2
transaction MU Common Stock Tax liability -$358K -3.3K -0.91% $108.34 360K Oct 15, 2024 Direct F2

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 -7.49K -100% $0.00 0 Oct 13, 2024 Common Stock 37.4K $0.00 Direct F3, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -7.49K -100% $0.00 0 Oct 13, 2024 Common Stock 37.4K $0.00 Direct F3, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -12.6K -100% $0.00 0 Oct 13, 2024 Common Stock 15.5K $0.00 Direct F4, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -9.78K -50% $0.00 9.78K Oct 13, 2024 Common Stock 19.6K $0.00 Direct F5, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -9.78K -50% $0.00 9.78K Oct 13, 2024 Common Stock 5.57K $0.00 Direct F6, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -15.4K -50% $0.00 15.4K Oct 13, 2024 Common Stock 16.7K $0.00 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.
F2 Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F3 The Compensation Committee certified achievement of pre-established performance goals related to High Value and Data Center NAND delivery and solutions each at 266% 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 PRSUs 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. 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.
F4 The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 108% 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 PRSUs 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. 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 related to Data Center NAND delivery and solutions at a level of 200% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.
F6 The Compensation Committee certified achievement of pre-established performance goals related to DRAM revenue at a level of 57% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.
F7 The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 108% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.
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 over a 3-year 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.
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 over a 3-year performance 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 PRSUs awarded on October 13, 2022), and certification of such performance by the Compensation Committee.