Micron Technology: pres. & chief tech & prod offr Scott J Deboer exercised 55,338 shares

What happened

• Scott J Deboer, pres. & chief tech & prod offr, exercised or converted derivative awards for a total of 55,338 shares (multiple M-code transactions) at $0.00 on Oct 13, 2026. The filing also shows awards/grants of 9,100 shares and additional performance-related awards of 22,473, 22,473 and 24,972 shares (A-code, $0.00).
• To satisfy payment of exercise price and tax liabilities (F-code), 42,608 shares were disposed at $989.04 per share, totaling $42,141,016.

Key details

• Transaction date: Oct 13, 2026; filing date: Oct 15, 2026. Price for disposed shares: $989.04; exercise price for derivative conversions: $0.00.
• Shares disposed to satisfy payment/tax obligations: 42,608 shares for $42,141,016.
• Shares acquired by exercise/conversion: 55,338 shares (aggregate of reported M-code acquisitions).
• Relevant footnotes from the filing:
  • F1: restricted stock awards vest in three equal annual installments beginning on the first anniversary of the grant date.
  • F2: withholding of common stock shares to satisfy tax withholding obligations in connection with vesting of previously granted awards.
  • F3–F6: compensation committee certified achievement of pre-established performance goals for multiple PRSU awards (awards from Oct 13, 2023 and Oct 13, 2024) at specified payout levels; some shares vested upon certification and some shares are earned as of the end of year 2 but remain subject to vesting until year 3 certification.
• Shares owned after the transactions: not provided in the supplied filing details.

Why it may matter

• The filing shows option/derivative exercises and that shares were used to satisfy tax or exercise-payment obligations (net share settlement/withholding) rather than only an open-market sale.
• This filing does not show why the insider traded or why the company acted.