Micron’s Scott R. Allen acquires 1,012-share award
All reported PRSU shares remain subject to vesting until performance goals are certified at the end of year three.
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Rhea-AI Filing Summary
Micron Technology Inc. (MU) Chief Accounting Officer Scott R. Allen reported acquiring restricted stock awards and performance restricted stock units (PRSUs), and shares withheld for tax obligations. On October 13, 2026, he acquired 1,012 common shares as restricted stock awards, which vest in three equal annual installments beginning on the first anniversary of the grant date. He also reported PRSUs earned as of the second year: 8,171 shares in each of two entries and 9,081 shares in another; all remain subject to vesting until performance goals are certified at the end of year three. Shares withheld for taxes included 2,081, 2,686 and 615 shares at $989.04 per share on October 13, and 583 and 218 shares at $914.13 per share on October 15.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 583 | $914.13 | $533K |
| Tax Withholding | Common Stock F2 | 218 | $914.13 | $199K |
| Grant/Award | Performance Restricted Stock Units F3 | 8,171 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F3 | 8,171 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F4 | 9,081 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 1,012 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 2,081 | $989.04 | $2.06M |
| Tax Withholding | Common Stock F2 | 2,686 | $989.04 | $2.66M |
| Tax Withholding | Common Stock F2 | 615 | $989.04 | $608K |
Footnotes (4)
- 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 Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. 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, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification 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 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. 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, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
Key Figures
Key Terms
Restricted Stock Awards financial
Performance Restricted Stock Units financial
three-year performance period financial
tax withholding obligations financial
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What performance awards did MU's chief accounting officer report?
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