Micron CFO Form 4: 345,693 shares owned; tax withhold at $181.6
Micron Technology (MU) reported insider activity by its EVP & Chief Financial Officer.
Rhea-AI Filing Summary
Micron Technology (MU) reported insider activity by its EVP & Chief Financial Officer. On 10/13/2025, awards vested and performance-based restricted stock units converted to common shares (code M), and shares were withheld to cover taxes (code F) at $181.6; additional tax withholding occurred on 10/15/2025 at $187.06. Following these transactions, the officer beneficially owned 345,693 shares.
Footnotes state the Compensation Committee certified performance for PRSUs granted on October 13, 2022 and October 13, 2023, including DRAM/Data Center NAND at 233% of target (subject to a 200% aggregate cap), relative TSR at 128% (2022 grant) and 111% (2023 grant), and High Growth-Segments/HBM3E+ at 233%, triggering vesting per plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 |
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.
FAQ
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What did MU disclose in this Form 4?
What prices were used for tax withholding (code F)?
Which performance goals were certified for the PRSUs?
Were there limits on PRSU payouts?
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