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: ARNZEN APRIL S (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	154727.00	Direct
2023-10-13	Common Stock	M	14440.00	$0.00	Acquired	169167.00	Direct
2023-10-13	Common Stock	F	6181.00	$69.75	Disposed	162986.00	Direct
2023-10-13	Common Stock	M	5735.00	$0.00	Acquired	168721.00	Direct
2023-10-13	Common Stock	F	2458.00	$69.75	Disposed	166263.00	Direct
2023-10-13	Common Stock	M	1236.00	$0.00	Acquired	167499.00	Direct
2023-10-13	Common Stock	F	588.00	$69.75	Disposed	166911.00	Direct
2023-10-13	Common Stock	M	1236.00	$0.00	Acquired	168147.00	Direct
2023-10-13	Common Stock	F	588.00	$69.75	Disposed	167559.00	Direct
2023-10-13	Common Stock	M	5853.00	$0.00	Acquired	173412.00	Direct
2023-10-13	Common Stock	F	2781.00	$69.75	Disposed	170631.00	Direct
2023-10-13	Common Stock	F	4512.00	$69.75	Disposed	166119.00	Direct
2023-10-15	Common Stock	F	6420.00	$69.21	Disposed	159699.00	Direct
2023-10-16	Common Stock	F	4347.00	$69.21	Disposed	155352.00	Direct
2023-10-16	Common Stock	M	3508.00	$41.56	Acquired	158860.00	Direct
2023-10-16	Common Stock	S	3508.00	$69.71	Disposed	155352.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-10-13	Performance Restricted Stock Units	$0.00	M	7220.00	Disposed		Common Stock (14440.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	6101.00	Disposed		Common Stock (5735.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	3747.00	Disposed		Common Stock (1236.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	3747.00	Disposed		Common Stock (1236.00)	Direct
2023-10-13	Performance Restricted Stock Units	$0.00	M	6293.00	Disposed		Common Stock (5853.00)	Direct
2023-10-16	Non-qualified Stock Options	$41.56	M	3508.00	Disposed	2025-10-24	Common Stock (3508.00)	Direct

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 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.

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 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.

F12: The Non-qualified Stock Options vested in 2018, 2019, 2020, and 2021.

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: 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.

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 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.

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 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.