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MICRON TECHNOLOGY INC — Director's Dealing 2024
Oct 17, 2024
29796_dirs_2024-10-16_1dbeb126-e00b-48f4-a79b-82611308c2f4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2024-10-13
Reporting Person: Sadana Sumit (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-13 | Common Stock | A | 44426.00 | $0.00 | Acquired | 259071.00 | Direct |
| 2024-10-13 | Common Stock | F | 10899.00 | $106.92 | Disposed | 248172.00 | Direct |
| 2024-10-13 | Common Stock | F | 10445.00 | $106.92 | Disposed | 237727.00 | Direct |
| 2024-10-13 | Common Stock | M | 38563.00 | $0.00 | Acquired | 276290.00 | Direct |
| 2024-10-13 | Common Stock | F | 19484.00 | $106.92 | Disposed | 256806.00 | Direct |
| 2024-10-13 | Common Stock | M | 38563.00 | $0.00 | Acquired | 295369.00 | Direct |
| 2024-10-13 | Common Stock | F | 19484.00 | $106.92 | Disposed | 275885.00 | Direct |
| 2024-10-13 | Common Stock | M | 15966.00 | $0.00 | Acquired | 291851.00 | Direct |
| 2024-10-13 | Common Stock | F | 7808.00 | $106.92 | Disposed | 284043.00 | Direct |
| 2024-10-13 | Common Stock | M | 20142.00 | $0.00 | Acquired | 304185.00 | Direct |
| 2024-10-13 | Common Stock | F | 10682.00 | $106.92 | Disposed | 293503.00 | Direct |
| 2024-10-13 | Common Stock | M | 17155.00 | $0.00 | Acquired | 310658.00 | Direct |
| 2024-10-13 | Common Stock | F | 9098.00 | $106.92 | Disposed | 301560.00 | Direct |
| 2024-10-13 | Common Stock | M | 5740.00 | $0.00 | Acquired | 307300.00 | Direct |
| 2024-10-13 | Common Stock | F | 3044.00 | $106.92 | Disposed | 304256.00 | Direct |
| 2024-10-15 | Common Stock | F | 3403.00 | $108.34 | Disposed | 300853.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 7728.00 | Disposed | Common Stock (38563.00) | Direct | |
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 7728.00 | Disposed | Common Stock (38563.00) | Direct | |
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 12980.00 | Disposed | Common Stock (15966.00) | Direct | |
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 10071.00 | Disposed | Common Stock (20142.00) | Direct | |
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 15884.00 | Disposed | Common Stock (17155.00) | Direct | |
| 2024-10-13 | Performance Restricted Stock Units | $0.00 | M | 10071.00 | Disposed | Common Stock (5740.00) | Direct |
Footnotes
F1: Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.
F2: Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F3: 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.
F4: 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.
F5: 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.
F6: 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.
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: 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.
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 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.