Bokan Michael W 4

Accession 0001562180-24-007358

CIK 0000723125other

View on SEC.gov Company Profile

Filed

Oct 15, 8:00 PM ET

Accepted

Oct 16, 6:06 PM ET

Size

47.9 KB

Accession

0001562180-24-007358

Insider Transaction Report

Form 4

Period: 2024-10-13

MICRON TECHNOLOGY INCMU

Bokan Michael W

SVP, Worldwide Sales

Transactions

Exercise/Conversion
Common Stock
2024-10-13+8,709→ 181,842 total
Exercise/Conversion
Common Stock
2024-10-13+11,256→ 189,329 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−4,544$485,844→ 190,723 total
Tax Payment
Common Stock
2024-10-15$108.34/sh−1,691$183,203→ 189,032 total
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−4,216→ 0 total
Exercise: $0.00→ Common Stock (21,035 underlying)
Tax Payment
Common Stock
2024-10-13$106.92/sh−9,443$1,009,646→ 161,541 total
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−7,080→ 0 total
Exercise: $0.00→ Common Stock (8,709 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−5,628→ 5,628 total
Exercise: $0.00→ Common Stock (11,256 underlying)
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−8,876→ 8,877 total
Exercise: $0.00→ Common Stock (9,586 underlying)
Tax Payment
Common Stock
2024-10-13$106.92/sh−5,064$541,443→ 155,331 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−5,382$575,443→ 149,949 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−9,443$1,009,646→ 173,133 total
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−5,628→ 5,628 total
Exercise: $0.00→ Common Stock (3,208 underlying)
Award
Common Stock
2024-10-13+23,382→ 160,395 total
Exercise/Conversion
Common Stock
2024-10-13+21,035→ 170,984 total
Exercise/Conversion
Common Stock
2024-10-13+21,035→ 182,576 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−3,769$402,981→ 178,073 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−5,335$570,418→ 183,994 total
Tax Payment
Common Stock
2024-10-13$106.92/sh−1,521$162,625→ 185,681 total
Exercise/Conversion
Performance Restricted Stock Units
2024-10-13−4,216→ 0 total
Exercise: $0.00→ Common Stock (21,035 underlying)
Exercise/Conversion
Common Stock
2024-10-13+3,208→ 187,202 total
Exercise/Conversion
Common Stock
2024-10-13+9,586→ 195,267 total

Holdings

Common Stock
(indirect: By Trust)
17,201

Footnotes (11)

[F1]Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.
[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 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.
[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 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.
[F2]Includes 63.522 shares acquired on July 31, 2024 under the Micron Technology, Inc. Employee Stock Purchase Plan, which acquisition is exempt from reporting under Rules 16a-3(g)(1) and 16b-3(c).
[F3]Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[F4]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.
[F5]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.
[F6]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.
[F7]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.
[F8]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.
[F9]Shares held in a Trust for the benefit of the Reporting Person and his family, with the Reporting Person as a co-trustee with his spouse.

Documents

1 file

4
primarydocument.xmlPrimary
PRIMARY DOCUMENT

Issuer

MICRON TECHNOLOGY INC

CIK 0000723125

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Entity typeother

Related Parties

filerCIK 0001754666

Filing Metadata

Form type: 4
Filed: Oct 15, 8:00 PM ET
Accepted: Oct 16, 6:06 PM ET
Size: 47.9 KB

View on SEC.gov