MICRON TECHNOLOGY INC — Director's Dealing 2024

Oct 17, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2024-10-13

Reporting Person: Bokan Michael W (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-10-13	Common Stock	A	23382.00	$0.00	Acquired	160395.00	Direct
2024-10-13	Common Stock	F	5064.00	$106.92	Disposed	155331.00	Direct
2024-10-13	Common Stock	F	5382.00	$106.92	Disposed	149949.00	Direct
2024-10-13	Common Stock	M	21035.00	$0.00	Acquired	170984.00	Direct
2024-10-13	Common Stock	F	9443.00	$106.92	Disposed	161541.00	Direct
2024-10-13	Common Stock	M	21035.00	$0.00	Acquired	182576.00	Direct
2024-10-13	Common Stock	F	9443.00	$106.92	Disposed	173133.00	Direct
2024-10-13	Common Stock	M	8709.00	$0.00	Acquired	181842.00	Direct
2024-10-13	Common Stock	F	3769.00	$106.92	Disposed	178073.00	Direct
2024-10-13	Common Stock	M	11256.00	$0.00	Acquired	189329.00	Direct
2024-10-13	Common Stock	F	5335.00	$106.92	Disposed	183994.00	Direct
2024-10-13	Common Stock	M	3208.00	$0.00	Acquired	187202.00	Direct
2024-10-13	Common Stock	F	1521.00	$106.92	Disposed	185681.00	Direct
2024-10-13	Common Stock	M	9586.00	$0.00	Acquired	195267.00	Direct
2024-10-13	Common Stock	F	4544.00	$106.92	Disposed	190723.00	Direct
2024-10-15	Common Stock	F	1691.00	$108.34	Disposed	189032.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-10-13	Performance Restricted Stock Units	$0.00	M	4216.00	Disposed		Common Stock (21035.00)	Direct
2024-10-13	Performance Restricted Stock Units	$0.00	M	4216.00	Disposed		Common Stock (21035.00)	Direct
2024-10-13	Performance Restricted Stock Units	$0.00	M	7080.00	Disposed		Common Stock (8709.00)	Direct
2024-10-13	Performance Restricted Stock Units	$0.00	M	5628.00	Disposed		Common Stock (11256.00)	Direct
2024-10-13	Performance Restricted Stock Units	$0.00	M	5628.00	Disposed		Common Stock (3208.00)	Direct
2024-10-13	Performance Restricted Stock Units	$0.00	M	8876.00	Disposed		Common Stock (9586.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17201.00	Indirect

Footnotes

F1: Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.

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 over a 3-year 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 over a 3-year performance 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 PRSUs awarded on October 13, 2022), and certification of such performance by the Compensation Committee.

F2: Includes 63.522 shares acquired on July 31, 2024 under the Micron Technology, Inc. Employee Stock Purchase Plan, which acquisition is exempt from reporting under Rules 16a-3(g)(1) and 16b-3(c).

F3: Withholding of common stock shares 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 High Value and Data Center NAND delivery and solutions each at 266% 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 PRSUs 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. 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.

F5: The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 108% 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 PRSUs 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. 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.

F6: The Compensation Committee certified achievement of pre-established performance goals related to Data Center NAND delivery and solutions at a level of 200% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.

F7: The Compensation Committee certified achievement of pre-established performance goals related to DRAM revenue at a level of 57% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.

F8: The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 108% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2022. As reported at grant, the PRSUs 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, 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.

F9: 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.