AI assistant
MICRON TECHNOLOGY INC — Director's Dealing 2022
Oct 17, 2022
29796_dirs_2022-10-17_17b64fcf-3021-4650-b387-c75759f497c8.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2022-10-13
Reporting Person: ARNZEN APRIL S (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-13 | Common Stock | A | 42654.00 | $0.00 | Acquired | 131826.00 | Direct |
| 2022-10-13 | Common Stock | M | 16240.00 | $0.00 | Acquired | 148066.00 | Direct |
| 2022-10-13 | Common Stock | F | 5640.00 | $52.75 | Disposed | 142426.00 | Direct |
| 2022-10-13 | Common Stock | M | 430.00 | $0.00 | Acquired | 142856.00 | Direct |
| 2022-10-13 | Common Stock | F | 185.00 | $52.75 | Disposed | 142671.00 | Direct |
| 2022-10-13 | Common Stock | M | 14440.00 | $0.00 | Acquired | 157111.00 | Direct |
| 2022-10-13 | Common Stock | F | 6888.00 | $52.75 | Disposed | 150223.00 | Direct |
| 2022-10-13 | Common Stock | M | 5612.00 | $0.00 | Acquired | 155835.00 | Direct |
| 2022-10-13 | Common Stock | F | 2677.00 | $52.75 | Disposed | 153158.00 | Direct |
| 2022-10-13 | Common Stock | F | 3033.00 | $52.75 | Disposed | 150125.00 | Direct |
| 2022-10-16 | Common Stock | F | 2929.00 | $52.72 | Disposed | 147196.00 | Direct |
| 2022-10-16 | Common Stock | F | 4366.00 | $52.72 | Disposed | 142830.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | M | 4640.00 | Disposed | Common Stock (16240.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | M | 3693.00 | Disposed | Common Stock (430.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | M | 7220.00 | Disposed | Common Stock (14440.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | M | 6100.00 | Disposed | Common Stock (5612.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | A | 16819.00 | Acquired | Common Stock (16819.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | A | 10664.00 | Acquired | Common Stock (10664.00) | Direct | |
| 2022-10-13 | Performance Restricted Stock Units | $0.00 | A | 10664.00 | Acquired | Common Stock (10664.00) | Direct |
Footnotes
F1: Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter.
F10: Each performance-based restricted stock unit 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 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 performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F11: Each performance-based restricted stock unit 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 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 performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F12: Each performance-based restricted stock unit 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 DRAM revenue over a 3-year 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 performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
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 performance-based restricted stock units previously awarded on October 16, 2019. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares.
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 NAND delivery and solutions at a level resulting in a vest of 100% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2020. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares.
F5: The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level resulting in a vest of 46% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2020. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares.
F6: Each performance-based restricted stock unit 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 August 30, 2019 and ending September 1, 2022 (subject 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, 2019), and certification of such performance by the Compensation Committee.
F7: Each performance-based restricted stock unit 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 August 30, 2019 and ending September 1, 2022 (subject 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, 2019), and certification of such performance by the Compensation Committee.
F8: Each performance-based restricted stock unit 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 performance-based restricted stock units awarded on October 16, 2020), and certification of such performance by the Compensation Committee.
F9: Each performance-based restricted stock unit 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 performance-based restricted stock units awarded on October 16, 2020), and certification of such performance by the Compensation Committee.