Micron MU insider Form 4 shows award vesting and tax withholdings
Rhea-AI Filing Summary
Micron Technology (MU) filed a Form 4 for its EVP, CTO and Products Officer, reporting multiple equity award settlements and related tax withholdings. On 10/13/2025, the officer acquired common stock via award vesting and PRSU settlements at $0.00 (codes A and M), including entries of 25,468, 20,486, 31,499, 17,977, 15,137, 15,137, and 12,920 shares. To cover taxes, shares were withheld (code F) at $181.60 on several entries and at $187.06 on 10/15/2025 for 2,293 shares.
Following these transactions, directly held common stock was 236,145 shares. The company’s Compensation Committee certified performance for PRSUs at 233% and 128% of target for 2022 awards and 233% and 111% for 2023 awards, subject to award-specific limits and vesting terms.
Positive
- None.
Negative
- None.
Insights
Administrative equity vesting with tax withholding; neutral impact.
The filing lists award-related acquisitions at $0.00 as PRSUs and RSUs vested and settled into common stock, paired with share withholdings (code F) at $181.60 and $187.06 to satisfy taxes. These are non‑open‑market transactions typical for executive equity programs.
Performance certifications drove PRSU payouts: 2022 awards included metrics at 233% and 128% of target; 2023 awards included 233% and 111%, all within stated caps and vesting provisions. Direct holdings after the reported activity were 236,145 shares.
Insider Trade Summary
Net Buyer: 72,085 shares
Net Buy
22 txns
Insider
Deboer Scott J
Role
EVP, CTO and Products Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,293 | $187.06 | $429K |
| Exercise | Performance Restricted Stock Units | 7,702 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 7,702 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 12,147 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 15,137 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 15,137 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 12,921 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 25,468 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,735 | $181.60 | $1.40M |
| Exercise Price or Tax Liability | Common Stock | 5,742 | $181.60 | $1.04M |
| Exercise | Common Stock | 20,486 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,785 | $181.60 | $1.60M |
| Exercise | Common Stock | 31,499 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,961 | $181.60 | $2.54M |
| Exercise | Common Stock | 17,977 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,720 | $181.60 | $1.40M |
| Exercise | Common Stock | 15,137 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,115 | $181.60 | $1.29M |
| Exercise | Common Stock | 15,137 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,115 | $181.60 | $1.29M |
| Exercise | Common Stock | 12,920 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,073 | $181.60 | $1.10M |
Holdings After Transaction:
Performance Restricted Stock Units — 43,195 shares (Direct);
Common Stock — 236,145 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Micron (MU) disclose in this Form 4?
An officer reported equity award vesting/settlements at $0.00 per share and tax withholdings via share forfeiture at $181.60 and $187.06.
What do the Form 4 transaction codes A, M, and F indicate?
A: award/vesting; M: derivative-to-common settlement; F: shares withheld to satisfy taxes on vesting.
Were the transactions open-market buys or sells?
No. They reflect award vesting/settlements at $0.00 and share withholding for taxes, not open‑market trades.
What performance levels were certified for Micron PRSUs?
For 2022 awards: 233% and 128% of target. For 2023 awards: 233% and 111% of target, subject to plan limits.