Micron CFO logs PRSU conversions, tax withhold sales, 345,693 held
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
Net Buyer: 81,657 shares
Net Buy
22 txns
Insider
Murphy Mark J.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,795 | $187.06 | $523K |
| Exercise | Performance Restricted Stock Units | 9,183 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 9,183 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 14,483 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 17,747 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 17,747 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 15,148 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 27,533 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,271 | $181.60 | $1.68M |
| Exercise Price or Tax Liability | Common Stock | 6,404 | $181.60 | $1.16M |
| Exercise | Common Stock | 24,425 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,717 | $181.60 | $1.95M |
| Exercise | Common Stock | 37,556 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,019 | $181.60 | $3.09M |
| Exercise | Common Stock | 21,434 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,418 | $181.60 | $1.71M |
| Exercise | Common Stock | 17,746 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,518 | $181.60 | $1.55M |
| Exercise | Common Stock | 17,746 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,518 | $181.60 | $1.55M |
| Exercise | Common Stock | 15,148 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,271 | $181.60 | $1.32M |
Holdings After Transaction:
Performance Restricted Stock Units — 50,642 shares (Direct);
Common Stock — 345,693 shares (Direct)
Footnotes (6)
- 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 the vesting of previously granted awards.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
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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.