April S. Arnzen - Oct 13, 2024 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
EVP and Chief People Officer
Signature
Mai Lan Bui, Attorney-in-fact
Stock symbol
MU
Transactions as of
Oct 13, 2024
Transactions value $
-$4,538,249
Form type
4
Date filed
10/16/2024, 06:06 PM
Previous filing
Sep 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +24.8K +18.25% $0.00 161K Oct 13, 2024 Direct F1
transaction MU Common Stock Tax liability -$575K -5.38K -3.35% $106.92 155K Oct 13, 2024 Direct F2
transaction MU Common Stock Tax liability -$481K -4.5K -2.9% $106.92 151K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +18.7K +12.4% $0.00 169K Oct 13, 2024 Direct F3
transaction MU Common Stock Tax liability -$897K -8.39K -4.95% $106.92 161K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +18.7K +11.61% $0.00 180K Oct 13, 2024 Direct F3
transaction MU Common Stock Tax liability -$897K -8.39K -4.67% $106.92 171K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +7.74K +4.52% $0.00 179K Oct 13, 2024 Direct F4
transaction MU Common Stock Tax liability -$358K -3.35K -1.87% $106.92 176K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +10.7K +6.07% $0.00 186K Oct 13, 2024 Direct F5
transaction MU Common Stock Tax liability -$540K -5.06K -2.71% $106.92 181K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +3.04K +1.68% $0.00 184K Oct 13, 2024 Direct F6
transaction MU Common Stock Tax liability -$154K -1.44K -0.78% $106.92 183K Oct 13, 2024 Direct F2
transaction MU Common Stock Options Exercise $0 +9.08K +4.96% $0.00 192K Oct 13, 2024 Direct F7
transaction MU Common Stock Tax liability -$460K -4.31K -2.24% $106.92 188K Oct 13, 2024 Direct F2
transaction MU Common Stock Tax liability -$174K -1.6K -0.85% $108.34 186K 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 -3.75K -100% $0.00 0 Oct 13, 2024 Common Stock 18.7K $0.00 Direct F3, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -3.75K -100% $0.00 0 Oct 13, 2024 Common Stock 18.7K $0.00 Direct F3, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -6.29K -100% $0.00 0 Oct 13, 2024 Common Stock 7.74K $0.00 Direct F4, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -5.33K -50% $0.00 5.33K Oct 13, 2024 Common Stock 10.7K $0.00 Direct F5, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -5.33K -50% $0.00 5.33K Oct 13, 2024 Common Stock 3.04K $0.00 Direct F6, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -8.41K -50% $0.00 8.41K Oct 13, 2024 Common Stock 9.08K $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.