Beard Robert P 4

4 · MICRON TECHNOLOGY INC · Filed Oct 17, 2022

Insider Transaction Report

Form 4

Period: 2022-10-13

MICRON TECHNOLOGY INCMU

Beard Robert P

SVP, General Counsel&Secretary

Transactions

Award
Common Stock
2022-10-13+30,806→ 42,043 total
Exercise/Conversion
Common Stock
2022-10-13+1,217→ 43,260 total
Tax Payment
Common Stock
2022-10-13$52.75/sh−370$19,518→ 42,890 total
Tax Payment
Common Stock
2022-10-16$52.72/sh−336$17,714→ 43,661 total
Exercise/Conversion
Restricted Stock Units
2022-10-13−1,217→ 3,654 total
Exercise: $0.00→ Common Stock (1,217 underlying)
Award
Performance Restricted Stock Units
2022-10-13+12,147→ 12,147 total
Exercise: $0.00→ Common Stock (12,147 underlying)
Exercise/Conversion
Common Stock
2022-10-16+1,107→ 43,997 total
Award
Performance Restricted Stock Units
2022-10-13+7,701→ 7,701 total
Exercise: $0.00→ Common Stock (7,701 underlying)
Award
Performance Restricted Stock Units
2022-10-13+7,701→ 7,701 total
Exercise: $0.00→ Common Stock (7,701 underlying)
Exercise/Conversion
Restricted Stock Unit
2022-10-16−1,107→ 2,214 total
Exercise: $0.00→ Common Stock (1,107 underlying)

Footnotes (8)

[F1]Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter.
[F2]Acquisition resulted from the vesting of an equal number of Restricted Stock Units.
[F3]Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[F4]Restricted Stock Units vest in equal installments on October 13, 2022, 2023, 2024, and 2025.
[F5]Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to relative total shareholder return over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
[F6]Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to NAND delivery and solutions over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
[F7]Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to DRAM revenue over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
[F8]Restricted Stock Units vested or will vest in equal installments on October 16, 2021, 2022, 2023, and 2024.

Documents

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