MU insider update: PRSUs convert; direct ownership at 350,109
Filing Impact
Filing Sentiment
Form Type
4
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
88,589 shares exercised/converted
Mixed
22 txns
Insider
BHATIA MANISH H
Role
EVP, Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,310 | $187.06 | $619K |
| Exercise | Performance Restricted Stock Units | 9,775 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 9,775 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 15,417 | $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 | 26,002 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,744 | $181.60 | $2.31M |
| Exercise | Common Stock | 39,980 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,170 | $181.60 | $3.66M |
| Exercise | Common Stock | 22,818 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,197 | $181.60 | $2.03M |
| 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 — 350,109 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 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).