Micron CFO logs PRSU conversions, tax withhold sales, 345,693 held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Micron Technology (MU) EVP & Chief Financial Officer reported multiple equity award events on a Form 4. On 10/13/2025, performance-based RSUs converted to common stock, including 37,556, 24,425, 21,434, 17,746, and 15,148 shares at $0.00, and 27,533 restricted shares vested.
To satisfy taxes, the filing shows share-withholding dispositions at $181.60 on 10/13/2025 and $187.06 on 10/15/2025. After these transactions, direct beneficial ownership stood at 345,693 shares.
The Compensation Committee certified performance outcomes for PRSUs: DRAM/Data Center NAND at 233% and relative total shareholder return at 128% for awards granted on October 13, 2022; and High Growth Segments/HBM3E+ at 233% and relative TSR at 111% for awards granted on October 13, 2023, each subject to a 200% aggregate limit, with portions vesting upon certification as described.
Positive
- None.
Negative
- None.
Insider Trade Summary
83,491 shares exercised/converted
Mixed
22 txns
Insider
Murphy Mark J.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,795 | $187.06 | $523K |
| Exercise | Performance Restricted Stock Units | 9,183 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 9,183 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 14,483 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 17,747 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 17,747 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 15,148 | $0.00 | -- |
| Grant/Award | Common Stock | 27,533 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,271 | $181.60 | $1.68M |
| Tax Withholding | Common Stock | 6,404 | $181.60 | $1.16M |
| Exercise | Common Stock | 24,425 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,717 | $181.60 | $1.95M |
| Exercise | Common Stock | 37,556 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,019 | $181.60 | $3.09M |
| Exercise | Common Stock | 21,434 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,418 | $181.60 | $1.71M |
| Exercise | Common Stock | 17,746 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,518 | $181.60 | $1.55M |
| Exercise | Common Stock | 17,746 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,518 | $181.60 | $1.55M |
| Exercise | Common Stock | 15,148 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,271 | $181.60 | $1.32M |
Holdings After Transaction:
Common Stock — 345,693 shares (Direct);
Performance Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date. Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards. The Compensation Committee certified achievement of pre-established performance goals related to DRAM revenue and Data Center NAND each at a level of 233% 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. 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. The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 128% 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. 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. The Compensation Committee certified achievement of pre-established performance goals related to High Growth-Segments and HBM3E+ each at a level of 233% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) 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, 2023. The reported shares represent the shares earned, 50% of which vested upon certification of the performance at the end of year 2 of the performance period and 50% remain subject to vesting until the certification of performance goals at the end of year 3 of the performance period. The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 111% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) 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, 2023. The reported shares represent the shares earned, 50% of which vested upon certification of the performance at the end of year 2 of the performance period and 50% remain subject to vesting until the certification of performance goals at the end of year 3 of the performance period.
FAQ
What did Micron (MU) disclose in this Form 4?
The EVP & CFO reported PRSU conversions to common stock, restricted stock vesting, and share withholding dispositions to cover taxes on 10/13/2025 and 10/15/2025.
What performance results drove Micron (MU) PRSU vesting?
Certified outcomes: 233% for DRAM/Data Center NAND (2022 grants), 128% for relative TSR (2022), 233% for High Growth Segments/HBM3E+ (2023), and 111% for relative TSR (2023), subject to a 200% aggregate limit.
Who is the reporting person’s role at Micron (MU)?
The filing identifies the person as an Officer: EVP & Chief Financial Officer.