Micron’s Scott J. DeBoer converts 55,338 award shares
The transactions include performance-based share awards, vested PRSU conversions, and tax-related share withholding.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Micron Technology Inc. (MU) reported transactions by President and Chief Technology and Products Officer Scott J. DeBoer on October 13, 2026. His transactions included 55,338 common shares from conversions of performance-based restricted stock units (PRSUs), a 9,100-share restricted stock award, and PRSU awards of 22,473 shares each in two grants and 24,972 shares in another grant. The 2024 PRSU shares reported as earned remain subject to vesting until performance certification at the end of year three. 42,608 shares were withheld to satisfy tax obligations on previously granted awards at $989.04 per share.
Insider Trade Summary
55,338 shares exercised/converted
Exercise
16 txns
Insider
Deboer Scott J
Role
Pres. & Chief Tech & Prod Offr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units F3 | 19,424 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units F3 | 19,424 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units F4 | 16,490 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F5 | 22,473 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F5 | 22,473 | $0.00 | $0.00 |
| Grant/Award | Performance Restricted Stock Units F6 | 24,972 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 9,100 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,736 | $989.04 | $7.65M |
| Tax Withholding | Common Stock F2 | 5,742 | $989.04 | $5.68M |
| Tax Withholding | Common Stock F2 | 3,791 | $989.04 | $3.75M |
| Exercise | Common Stock F3 | 19,424 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 9,961 | $989.04 | $9.85M |
| Exercise | Common Stock F3 | 19,424 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 8,318 | $989.04 | $8.23M |
| Exercise | Common Stock F4 | 16,490 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,060 | $989.04 | $6.98M |
Holdings After Transaction:
Performance Restricted Stock Units — 69,918 contracts (Direct);
Common Stock — 175,975 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 High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted 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 shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
- F4. The Compensation Committee certified achievement of pre-established performance goals related to total shareholder return at 150% of target under the PRSUs with a three-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. As a result of this limitation, the final payout for these PRSUs was reduced to 126% of target after application of the aggregate payout provisions. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
- F5. 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.
- F6. 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
PRSU conversion shares: 55,338 common shares
Tax-withholding shares: 42,608 shares
Withholding price: $989.04 per share
+4 more
7 metrics
PRSU conversion shares
55,338 common shares
Reported from three PRSU conversion transactions on October 13, 2026.
Tax-withholding shares
42,608 shares
Withheld for tax obligations connected with vesting of previously granted awards on October 13, 2026.
Withholding price
$989.04 per share
Price reported for common shares withheld on October 13, 2026.
Restricted stock award
9,100 shares
Common stock award reported on October 13, 2026.
Reported PRSU shares
22,473 shares each
Two 2024 PRSU awards; reported shares earned as of the end of the second year remain subject to vesting until performance certification at the end of year three.
Reported PRSU shares
24,972 shares
2024 PRSU award; reported shares earned as of the end of the second year remain subject to vesting until performance certification at the end of year three.
Final PRSU payout
126% of target
2023 PRSUs tied to relative total shareholder return, after application of aggregate payout provisions.
Key Terms
Performance Restricted Stock Units, aggregate limit, relative total shareholder return, Restricted Stock Awards
4 terms
Performance Restricted Stock Units financial
"performance-based restricted stock units ("PRSUs")"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
aggregate limit financial
"subject to a 200% aggregate limit on the total target shares"
Restricted Stock Awards financial
"Restricted Stock Awards vest in three equal annual installments"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
