Form 4 for MU Micron Technology
Accepted 2023-10-17 00:00:00 ET · period of report 2023-10-13 · accession 0001562180-23-007347 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-17 | 2023-10-13+ | MU | ARNZEN APRIL S | EVP, CHRO | F - Tax | $69.54 | -27.9K | 155.4K | -15% | -$1.94M |
| DM | 2023-10-17 | 2023-10-13+ | MU | ARNZEN APRIL S | EVP, CHRO | M - OptEx | $4.55 | +32.0K | 158.9K | +25% | +$145.8K |
| D | 2023-10-17 | 2023-10-13 | MU | ARNZEN APRIL S | EVP, CHRO | A - Grant | $0.00 | +35.8K | 154.7K | +30% | $0 |
| D | 2023-10-17 | 2023-10-16 | MU | ARNZEN APRIL S | EVP, CHRO | S - Sale+OE | $69.71 | -3,508 | 155.4K | -2% | -$244.5K |
| DM | 2023-10-17 | 2023-10-13+ | MU | ARNZEN APRIL S | EVP, CHRO | M - OptEx | $0.00 | -30.6K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-10-15 | F | D | 6,420 | $69.21 | 159,699 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 2 | Common | Common Stock | 2023-10-13 | F | D | 4,512 | $69.75 | 166,119 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 3 | Common | Common Stock | 2023-10-13 | F | D | 2,781 | $69.75 | 170,631 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 4 | Common | Common Stock | 2023-10-13 | M | A | 5,853 | $0.00 | 173,412 | D | — | — | (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. |
| 5 | Common | Common Stock | 2023-10-13 | F | D | 588 | $69.75 | 167,559 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 6 | Common | Common Stock | 2023-10-13 | M | A | 1,236 | $0.00 | 168,147 | D | — | — | (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. |
| 7 | Common | Common Stock | 2023-10-13 | F | D | 588 | $69.75 | 166,911 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 8 | Common | Common Stock | 2023-10-13 | M | A | 1,236 | $0.00 | 167,499 | D | — | — | (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. |
| 9 | Common | Common Stock | 2023-10-13 | F | D | 2,458 | $69.75 | 166,263 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 10 | Common | Common Stock | 2023-10-13 | M | A | 5,735 | $0.00 | 168,721 | D | — | — | (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. |
| 11 | Common | Common Stock | 2023-10-13 | F | D | 6,181 | $69.75 | 162,986 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 12 | Common | Common Stock | 2023-10-13 | M | A | 14,440 | $0.00 | 169,167 | D | — | — | (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. |
| 13 | Common | Common Stock | 2023-10-13 | A | A | 35,842 | $0.00 | 154,727 | D | — | — | (F1) Restricted Stock Award vests in 33 1/3% increments annually on the anniversary of the grant. |
| 14 | Common | Common Stock | 2023-10-16 | S | D | 3,508 | $69.71 | 155,352 | D | — | — | |
| 15 | Common | Common Stock | 2023-10-16 | M | A | 3,508 | $41.56 | 158,860 | D | — | — | |
| 16 | Common | Common Stock | 2023-10-16 | F | D | 4,347 | $69.21 | 155,352 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 17 | Derivative | Non-qualified Stock Options | 2023-10-16 | M | D | 3,508 | $0.00 | 0 | D | $41.56 · — to 2025-10-24 | 3,508 Common Stock | (F12) The Non-qualified Stock Options vested in 2018, 2019, 2020, and 2021. |
| 18 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 6,293 | $0.00 | 6,294 | D | $0.00 · — to — | 5,853 Common Stock | (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. |
| 19 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 3,747 | $0.00 | 3,747 | D | $0.00 · — to — | 1,236 Common Stock | (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. |
| 20 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 3,747 | $0.00 | 3,747 | D | $0.00 · — to — | 1,236 Common Stock | (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. |
| 21 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 6,101 | $0.00 | 0 | D | $0.00 · — to — | 5,735 Common Stock | (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. |
| 22 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 7,220 | $0.00 | 0 | D | $0.00 · — to — | 14,440 Common Stock | (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. |