MICRON TECHNOLOGY INC — Director's Dealing 2023

Oct 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2023-10-13

Reporting Person: Murphy Mark J. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-13	Common Stock	A	60932.00	$0.00	Acquired	213298.00	Direct
2023-10-13	Common Stock	M	774.00	$0.00	Acquired	214072.00	Direct
2023-10-13	Common Stock	F	368.00	$69.75	Disposed	213704.00	Direct
2023-10-13	Common Stock	M	774.00	$0.00	Acquired	214478.00	Direct
2023-10-13	Common Stock	F	368.00	$69.75	Disposed	214110.00	Direct
2023-10-13	Common Stock	M	2941.00	$0.00	Acquired	217051.00	Direct
2023-10-13	Common Stock	F	1397.00	$69.75	Disposed	215654.00	Direct
2023-10-13	Common Stock	M	2941.00	$0.00	Acquired	218595.00	Direct
2023-10-13	Common Stock	F	1397.00	$69.75	Disposed	217198.00	Direct
2023-10-13	Common Stock	M	3622.00	$0.00	Acquired	220820.00	Direct
2023-10-13	Common Stock	F	1721.00	$69.75	Disposed	219099.00	Direct
2023-10-13	Common Stock	M	13760.00	$0.00	Acquired	232859.00	Direct
2023-10-13	Common Stock	F	6536.00	$69.75	Disposed	226323.00	Direct
2023-10-15	Common Stock	F	11056.00	$69.21	Disposed	215267.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-13	Performance Restricted Stock Units	$0.00	M	2345.00	Disposed		Common Stock (774.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	2345.00	Disposed		Common Stock (774.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	8912.00	Disposed		Common Stock (2941.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	8912.00	Disposed		Common Stock (2941.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	3894.00	Disposed		Common Stock (3622.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	14796.00	Disposed		Common Stock (13760.00)	Direct

Footnotes

F1: Restricted Stock Award vests in 33 1/3% increments annually on the anniversary of the grant.

F2: The Compensation Committee certified achievement of pre-established performance goals at a level of 33% of the target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on April 18, 2022. 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 April 18, 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.

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 April 18, 2022. 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 April 18, 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.

F5: 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 PRSU awarded on April 18, 2022), and certification of such performance by the Compensation Committee.

F6: 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 April 18, 2022), and certification of such performance by the Compensation Committee.

F7: 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 April 18, 2022), and certification of such performance by the Compensation Committee.