CORDANO MICHAEL D 4
Research Summary
AI-generated summary
Micron (MU) EVP Michael D. Cordano Sells 3,407 Shares
What Happened
- Michael D. Cordano, EVP Worldwide Sales at Micron Technology (MU), sold 3,407 shares in an open-market transaction on April 14, 2026.
- The shares were sold at $435.00 each for total gross proceeds of $1,482,045. This transaction is a sale (code S), which is often routine and does not necessarily indicate a change in company outlook.
Key Details
- Transaction date: 2026-04-14; Filing date (Form 4): 2026-04-16 (timely filed).
- Price per share: $435.00; Shares sold: 3,407; Gross proceeds: $1,482,045.
- Transaction type/code: Sale (S) — reported as an open-market or private sale on the Form 4.
- Shares owned after the transaction: not disclosed in the summary provided.
- No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the provided transaction details.
Context
- Insider sales are common and can reflect many non-operational reasons (diversification, liquidity needs, tax planning); they are generally less informative than insider purchases for predicting sentiment.
- Because no exercise/gift or derivative activity was reported here, this was a straightforward stock sale rather than an option exercise or award-related disposition.