Micron insider Form 4: PRSU conversions and tax withholdings filed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Micron Technology (MU) reported insider equity transactions by its EVP and Chief Business Officer. On 10/13/2025, multiple performance-based restricted stock units converted into common stock at $0.00, and shares were withheld to cover taxes at $181.60. Additional tax withholding occurred on 10/15/2025 at $187.06. Following these transactions, the officer directly owned 277,521 shares.
The Compensation Committee certified performance outcomes for prior PRSU awards: DRAM revenue and Data Center NAND each at 233% of target and relative total shareholder return at 128% for awards granted on October 13, 2022; and High Growth-Segments and HBM3E+ each at 233% of target and relative TSR at 111% for awards granted on October 13, 2023. Certain earned shares vested upon certification as described.
Positive
- None.
Negative
- None.
Insider Trade Summary
89,649 shares exercised/converted
Mixed
22 txns
Insider
Sadana Sumit
Role
EVP and Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,410 | $187.06 | $638K |
| Exercise | Performance Restricted Stock Units | 10,071 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 10,071 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 15,885 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 18,791 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 18,791 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 16,040 | $0.00 | -- |
| Grant/Award | Common Stock | 30,286 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,921 | $181.60 | $1.98M |
| Tax Withholding | Common Stock | 7,521 | $181.60 | $1.37M |
| Exercise | Common Stock | 26,789 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,130 | $181.60 | $2.38M |
| Exercise | Common Stock | 41,191 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,781 | $181.60 | $3.77M |
| Exercise | Common Stock | 23,509 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,536 | $181.60 | $2.09M |
| Exercise | Common Stock | 18,790 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,984 | $181.60 | $1.81M |
| Exercise | Common Stock | 18,790 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,984 | $181.60 | $1.81M |
| Exercise | Common Stock | 16,039 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,522 | $181.60 | $1.55M |
Holdings After Transaction:
Common Stock — 277,521 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?
An officer reported PRSU conversions at $0.00 and share withholdings to cover taxes at $181.60 on 10/13/2025 and $187.06 on 10/15/2025.
What performance levels were certified for PRSUs at Micron (MU)?
For awards granted on 10/13/2022: DRAM revenue and Data Center NAND at 233%, relative TSR at 128%. For awards granted on 10/13/2023: High Growth-Segments and HBM3E+ at 233%, relative TSR at 111%.
What do the transaction codes mean in the Micron (MU) Form 4?
M indicates PRSU conversion to common stock; F indicates shares withheld to satisfy tax withholding obligations upon vesting.
Who is the reporting person in Micron (MU) Form 4?
An Officer serving as EVP and Chief Business Officer filed the transactions.