Form 4 for MU Micron Technology
Accepted 2023-10-17 00:00:00 ET · period of report 2023-10-13 · accession 0001562180-23-007354 · 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 | MEHROTRA SANJAY | CEO, Pres, Dir | F - Tax | $69.55 | -179.9K | 749.0K | -19% | -$12.51M |
| DM | 2023-10-17 | 2023-10-13 | MU | MEHROTRA SANJAY | CEO, Pres, Dir | M - OptEx | $0.00 | +173.3K | 791.1K | +28% | $0 |
| D | 2023-10-17 | 2023-10-13 | MU | MEHROTRA SANJAY | CEO, Pres, Dir | A - Grant | $0.00 | +119.2K | 702.0K | +20% | $0 |
| DM | 2023-10-17 | 2023-10-13 | MU | MEHROTRA SANJAY | CEO, Pres, Dir | M - OptEx | $0.00 | -163.1K | 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 | 2023-10-16 | F | D | 29,433 | $69.21 | 695,437 | 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 | 2023-10-15 | F | D | 37,205 | $69.21 | 724,870 | 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 | 29,105 | $69.75 | 762,075 | 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 | F | D | 17,857 | $69.75 | 791,180 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 5 | Common | Common Stock | 2023-10-13 | M | A | 34,385 | $0.00 | 809,037 | 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. |
| 6 | Common | Common Stock | 2023-10-13 | F | D | 3,773 | $69.75 | 774,652 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 7 | Common | Common Stock | 2023-10-13 | M | A | 7,264 | $0.00 | 778,425 | 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. |
| 8 | Common | Common Stock | 2023-10-13 | F | D | 3,773 | $69.75 | 771,161 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 9 | Common | Common Stock | 2023-10-13 | M | A | 7,264 | $0.00 | 774,934 | 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. |
| 10 | Common | Common Stock | 2023-10-13 | F | D | 16,720 | $69.75 | 767,670 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 11 | Common | Common Stock | 2023-10-13 | M | A | 35,363 | $0.00 | 784,390 | 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. |
| 12 | Common | Common Stock | 2023-10-13 | F | D | 42,056 | $69.75 | 749,027 | D | — | — | (F3) Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 13 | Common | Common Stock | 2023-10-13 | M | A | 89,045 | $0.00 | 791,083 | 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. |
| 14 | Common | Common Stock | 2023-10-13 | A | A | 119,176 | $0.00 | 702,038 | D | — | — | (F1) Restricted Stock Award vests in 33 1/3% increments annually on the anniversary of the grant. |
| 15 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 22,013 | $0.00 | 22,014 | D | $0.00 · — to — | 7,264 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 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. |
| 16 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 44,523 | $0.00 | 0 | D | $0.00 · — to — | 89,045 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 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. |
| 17 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 36,973 | $0.00 | 36,973 | D | $0.00 · — to — | 34,385 Common Stock | (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. |
| 18 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 22,013 | $0.00 | 22,014 | D | $0.00 · — to — | 7,264 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 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. |
| 19 | Derivative | Performance Restricted Stock Units | 2023-10-13 | M | D | 37,620 | $0.00 | 0 | D | $0.00 · — to — | 35,363 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 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. |