Form 4 for MU Micron Technology
Accepted 2024-10-16 00:00:00 ET · period of report 2024-10-13 · accession 0001562180-24-007356 · 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 | 2024-10-16 | 2024-10-13 | MU | BHATIA MANISH H | EVP, Gbl Ops | M - OptEx | $0.00 | +132.0K | 336.0K | +65% | $0 |
| DM | 2024-10-16 | 2024-10-13+ | MU | BHATIA MANISH H | EVP, Gbl Ops | F - Tax | $106.97 | -91.8K | 359.8K | -20% | -$9.82M |
| D | 2024-10-16 | 2024-10-13 | MU | BHATIA MANISH H | EVP, Gbl Ops | A - Grant | $0.00 | +44.4K | 319.6K | +16% | $0 |
| DM | 2024-10-16 | 2024-10-13 | MU | BHATIA MANISH H | EVP, Gbl Ops | M - OptEx | $0.00 | -62.5K | 9,775 | -86% | $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 | 2024-10-13 | M | A | 16,650 | $0.00 | 371,926 | D | — | — | (F7) 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. |
| 2 | Common | Common Stock | 2024-10-13 | F | D | 8,830 | $106.92 | 363,096 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 3 | Common | Common Stock | 2024-10-13 | F | D | 2,955 | $106.92 | 355,276 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 4 | Common | Common Stock | 2024-10-13 | M | A | 5,572 | $0.00 | 358,231 | D | — | — | (F6) 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. |
| 5 | Common | Common Stock | 2024-10-13 | F | D | 10,368 | $106.92 | 352,659 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 6 | Common | Common Stock | 2024-10-13 | M | A | 19,550 | $0.00 | 363,027 | D | — | — | (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. |
| 7 | Common | Common Stock | 2024-10-13 | F | D | 7,572 | $106.92 | 343,477 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 8 | Common | Common Stock | 2024-10-13 | M | A | 15,482 | $0.00 | 351,049 | D | — | — | (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. |
| 9 | Common | Common Stock | 2024-10-13 | F | D | 18,894 | $106.92 | 335,567 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 10 | Common | Common Stock | 2024-10-13 | M | A | 37,395 | $0.00 | 354,461 | D | — | — | (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. |
| 11 | Common | Common Stock | 2024-10-13 | F | D | 18,894 | $106.92 | 317,066 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 12 | Common | Common Stock | 2024-10-13 | M | A | 37,395 | $0.00 | 335,960 | D | — | — | (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. |
| 13 | Common | Common Stock | 2024-10-13 | F | D | 10,899 | $106.92 | 298,565 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 14 | Common | Common Stock | 2024-10-13 | F | D | 10,128 | $106.92 | 309,464 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 15 | Common | Common Stock | 2024-10-13 | A | A | 44,426 | $0.00 | 319,592 | D | — | — | (F1) Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date. |
| 16 | Common | Common Stock | 2024-10-15 | F | D | 3,303 | $108.34 | 359,793 | D | — | — | (F2) Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. |
| 17 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 7,494 | $0.00 | 0 | D | $0.00 · — to — | 37,395 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 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. |
| 18 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 7,494 | $0.00 | 0 | D | $0.00 · — to — | 37,395 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 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. |
| 19 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 15,417 | $0.00 | 15,417 | D | $0.00 · — to — | 16,650 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 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. |
| 20 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 12,587 | $0.00 | 0 | D | $0.00 · — to — | 15,482 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 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. |
| 21 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 9,775 | $0.00 | 9,775 | D | $0.00 · — to — | 19,550 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 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. |
| 22 | Derivative | Performance Restricted Stock Units | 2024-10-13 | M | D | 9,775 | $0.00 | 9,775 | D | $0.00 · — to — | 5,572 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 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. |