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: Bokan Michael W (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-13	Common Stock	A	35842.00	$0.00	Acquired	169019.00	Direct
2023-10-13	Common Stock	M	16846.00	$0.00	Acquired	185865.00	Direct
2023-10-13	Common Stock	F	7211.00	$69.75	Disposed	178654.00	Direct
2023-10-13	Common Stock	M	6691.00	$0.00	Acquired	185345.00	Direct
2023-10-13	Common Stock	F	2868.00	$69.75	Disposed	182477.00	Direct
2023-10-13	Common Stock	M	1391.00	$0.00	Acquired	183868.00	Direct
2023-10-13	Common Stock	F	661.00	$69.75	Disposed	183207.00	Direct
2023-10-13	Common Stock	M	1391.00	$0.00	Acquired	184598.00	Direct
2023-10-13	Common Stock	F	661.00	$69.75	Disposed	183937.00	Direct
2023-10-13	Common Stock	M	6584.00	$0.00	Acquired	190521.00	Direct
2023-10-13	Common Stock	F	3128.00	$69.75	Disposed	187393.00	Direct
2023-10-13	Common Stock	F	5076.00	$69.75	Disposed	182317.00	Direct
2023-10-15	Common Stock	F	6777.00	$69.21	Disposed	175540.00	Direct
2023-10-16	Common Stock	F	5071.00	$69.21	Disposed	170469.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-13	Performance Restricted Stock Units	$0.00	M	8423.00	Disposed		Common Stock (16846.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	7118.00	Disposed		Common Stock (6691.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	4215.00	Disposed		Common Stock (1391.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	4215.00	Disposed		Common Stock (1391.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	7080.00	Disposed		Common Stock (6584.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17201.00	Indirect

Footnotes

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

F10: 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 PRSUs awarded on October 13, 2021), and certification of such performance by the Compensation Committee.

F11: 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 October 13, 2021), and certification of such performance by the Compensation Committee.

F12: 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 October 13, 2021), and certification of such performance by the Compensation Committee.

F2: The Compensation Committee certified achievement of pre-established performance goals related to NAND delivery and solutions at 200% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 16, 2020. 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 October 16, 2020. 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.

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 October 16, 2020. 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 October 16, 2020. 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 at a level of 33% 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 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 October 13, 2021. 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 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 October 13, 2021. 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 October 13, 2021. 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.

F7: Shares held in a Trust for the benefit of the reporting person and his family, with the reporting person as a co-trustee with his spouse.

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 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 PRSUs awarded on October 16, 2020), 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 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 PRSUs awarded on October 16, 2020), and certification of such performance by the Compensation Committee.