Micron Technology Inc: CFO Mark J. Murphy exercised 64,880 shares

What happened

• Mark J. Murphy, chief financial officer, exercised derivatives and received awards on Oct 13, 2026. The filing shows he acquired 64,880 shares via exercise of derivatives (exercise price $0.00 per share) and received 83,352 shares from grants/awards (reported at $0.00 per share).
• To satisfy tax withholding obligations, 50,343 shares were disposed (withheld) at $989.04 per share, totaling $49,791,241. The filing includes additional derivative conversion/disposition entries related to the exercises.

Key details

• Transaction date: Oct 13, 2026. Filing date: Oct 15, 2026 (no late filing indicated in the provided data).
• Exercise price reported: $0.00 per share for exercised derivatives.
• Shares acquired: 64,880 (exercise) + 83,352 (grants/awards) = 148,232 shares received in total per the filing entries.
• Shares disposed (tax withholding): 50,343 shares at $989.04 each, totaling $49,791,241.
• Footnotes:
  • F2: withholding of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
  • F3/F4: certification of performance-based restricted stock units granted Oct 13, 2023, resulting in shares earned and vested upon certification at the end of the three-year performance period.
  • F7/F8: certifications relating to PRSUs awarded Oct 13, 2024; shares earned as of the end of year 2 remain subject to vesting until year 3 certification.
  • F5/F6: transfer of 23,000 shares on Feb 5, 2026 to a grantor retained annuity trust for the benefit of the reporting person and his family.
• Shares owned after the transaction: not specified in the provided excerpt.

Why it may matter

• Options exercise: the filing shows exercises resulted in shares being acquired and a number of shares withheld/sold to satisfy tax withholding (cashless-like settlement for taxes).
• Grants and PRSUs: several reported shares arose from performance-based awards that were certified under the listed footnotes; some shares vested upon certification, others remain subject to future vesting.
• A filing does not show why the insider traded or why the company acted.