MU insider update: PRSUs convert; direct ownership at 350,109
Rhea-AI Filing Summary
Micron Technology (MU) reported insider equity activity by an officer (EVP, Global Operations). On 10/13/2025, multiple equity awards vested and converted to common stock, and shares were withheld to cover taxes. Withholding transactions were executed at $181.6 per share on 10/13 and at $187.06 on 10/15. Following the reported transactions, the officer beneficially owned 350,109 shares, held directly.
Performance-based RSUs converted to shares after the Compensation Committee certified pre-established goals: 233% of target tied to DRAM revenue and Data Center NAND, 128% tied to relative total shareholder return, and PRSUs from 2023 with outcomes of 233% (High Growth-Segments and HBM3E+) and 111% (relative TSR). Certain earned shares vested upon certification per plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 78,352 shares
Net Buy
22 txns
Insider
BHATIA MANISH H
Role
EVP, Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,310 | $187.06 | $619K |
| Exercise | Performance Restricted Stock Units | 9,775 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 9,775 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 15,417 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 18,791 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 18,791 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units | 16,040 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 30,286 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,921 | $181.60 | $1.98M |
| Exercise Price or Tax Liability | Common Stock | 7,521 | $181.60 | $1.37M |
| Exercise | Common Stock | 26,002 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,744 | $181.60 | $2.31M |
| Exercise | Common Stock | 39,980 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 20,170 | $181.60 | $3.66M |
| Exercise | Common Stock | 22,818 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,197 | $181.60 | $2.03M |
| Exercise | Common Stock | 18,790 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,984 | $181.60 | $1.81M |
| Exercise | Common Stock | 18,790 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,984 | $181.60 | $1.81M |
| Exercise | Common Stock | 16,039 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,522 | $181.60 | $1.55M |
Holdings After Transaction:
Performance Restricted Stock Units — 53,802 shares (Direct);
Common Stock — 350,109 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.
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FAQ
What did MU disclose in this Form 4?
An MU officer (EVP, Global Operations) reported vesting and conversions of equity awards, tax-share withholdings, and updated direct ownership to 350,109 shares.
When did the transactions occur for MU?
Transactions occurred on 10/13/2025, with an additional tax withholding on 10/15/2025.
What performance outcomes drove MU’s PRSU conversions?
Committee certifications included 233% (DRAM revenue, Data Center NAND), 128% (relative TSR for 2022 awards), 233% (High Growth-Segments, HBM3E+), and 111% (relative TSR for 2023 awards).