Joel L. Poppen - 16 Oct 2021 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Reporting relationship: SVP, General Counsel&Secretary
Issuer ticker: MU
Reported as of: 16 Oct 2021
Net transaction value: -$1,104,267
SEC form: 4
Accepted by SEC: 19 Oct 2021, 18:32:20 UTC
Prior SEC filing: 15 Oct 2021
Source filing: View source filing
Reporting owner signature: Rob Beard, Attorney-in-fact

Key filing fact

Joel L. Poppen filed Form 4 for MICRON TECHNOLOGY INC (MU) on 19 Oct 2021.

Key facts

This page summarizes Joel L. Poppen's Form 4 filing for MICRON TECHNOLOGY INC (MU).
12 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 19 Oct 2021, 18:32.

Change

Previous filing in this sequence was filed on 15 Oct 2021.
Current net transaction value: -$1,104,267.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,373
Change %: +0.91%
Price: $0.000000
Shares after: 263,932
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F1

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,323
Change %: +1.3%
Price: $0.000000
Shares after: 267,255
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F2

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +8,277
Change %: +3.1%
Price: $0.000000
Shares after: 275,532
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F3

MU transaction

Common Stock

Tax liability

Transaction value: $301,514
Shares: -4,455
Change %: -1.6%
Price: $67.68
Shares after: 271,077
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU transaction

Common Stock

Tax liability

Transaction value: $98,813
Shares: -1,460
Change %: -0.54%
Price: $67.68
Shares after: 269,617
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU transaction

Common Stock

Tax liability

Transaction value: $246,084
Shares: -3,636
Change %: -1.3%
Price: $67.68
Shares after: 265,981
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU transaction

Common Stock

Tax liability

Transaction value: $202,296
Shares: -2,989
Change %: -1.1%
Price: $67.68
Shares after: 262,992
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU transaction

Common Stock

Tax liability

Transaction value: $184,969
Shares: -2,733
Change %: -1%
Price: $67.68
Shares after: 260,259
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU transaction

Common Stock

Tax liability

Transaction value: $70,590
Shares: -1,043
Change %: -0.4%
Price: $67.68
Shares after: 259,216
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,650
Date: 16 Oct 2021
Ownership: Held Jointly with Spouse.

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,542
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,373
Exercise price: $0.000000
Footnotes: F1, F6

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,662
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,323
Exercise price: $0.000000
Footnotes: F2, F7

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,100
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,277
Exercise price: $0.000000
Footnotes: F3, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 67% of the total target shares under the FCF performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.

Footnote F2

The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the PE Ratio performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.

Footnote F3

The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the NAND delivery and solutions performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.

Footnote F4

Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of awards under the Issuer's 2007 Equity Incentive Plan.

Footnote F5

Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of awards under the Issuer's 2004 Equity Incentive Plan.

Footnote F6

Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to FCF over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.

Footnote F7

Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to PE Ratio over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.

Footnote F8

Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to NAND delivery and solutions over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.