Micron Technology: president and CEO Sanjay Mehrotra received 536,300 shares

What happened

• Sanjay Mehrotra, president and CEO and director, received a mix of grants and exercised or converted derivative awards totaling 536,300 shares on Oct 13, 2026. The filing shows multiple exercise/conversion (M) and grant/award (A) entries at $0.00 per share and several tax-withholding disposals (F) that together generated $164,433,835.
• The filing reports 166,256 shares disposed to satisfy tax withholding at $989.04 per share for a total of $164,433,835. Additional derivative disposals of 235,666 shares are reported at $0.00 (derivative transactions).

Key details

• Transaction date: Oct 13, 2026. Form 4 filed Oct 15, 2026.
• Acquisitions reported (A or M): 21,233; 82,721; 82,721; 70,224; 89,805; 89,805; 99,791 (total 536,300 acquired, reported at $0.00 per share).
• Disposals reported (F and M): tax-withholding disposals of 20,213; 14,080; 9,807; 47,143; 40,575; 34,438 (total 166,256 at $989.04 per share, proceeds $164,433,835); and derivative disposals of 82,721; 82,721; 70,224 (total 235,666 at $0.00).
• Shares owned after the transactions: not reported in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F2: shares were withheld to satisfy tax withholding obligations in connection with vesting.
  • F3 and F4: the compensation committee certified performance goals for PRSUs awarded Oct 13, 2023 (payments at specified percentages, with aggregate limits applied; shares vested upon certification).
  • F6 and F7: the committee certified second-year performance for PRSUs awarded Oct 13, 2024 (shares earned for year 2 remain subject to vesting until year 3 certification).
  • F1: restricted stock awards vest in three equal annual installments beginning on the first anniversary of the grant date.
  • F5: grantor retained annuity trusts for the benefit of the reporting person and family.
• Whether the filing was late: the filing date is Oct 15, 2026 and the transaction date is Oct 13, 2026; the filing does not indicate lateness.

Why it may matter

• The filing shows exercises/conversions of derivative awards and the use of share withholding to satisfy tax obligations, consistent with a cashless settlement of tax liabilities.
• Several performance-based restricted stock units were certified at specified payout levels and either vested (2023 awards) or remain subject to final vesting (2024 awards).
• A filing does not show why the insider traded or why the company acted.