0001562180-22-007207.txt : 20221017 0001562180-22-007207.hdr.sgml : 20221017 20221017170047 ACCESSION NUMBER: 0001562180-22-007207 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221013 FILED AS OF DATE: 20221017 DATE AS OF CHANGE: 20221017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MEHROTRA SANJAY CENTRAL INDEX KEY: 0001242654 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 221314197 MAIL ADDRESS: STREET 1: C/O WESTERN DIGITAL CORPORATION STREET 2: 3355 MICHELSON DRIVE, SUITE 100 CITY: IRVINE STATE: CA ZIP: 92612 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MICRON TECHNOLOGY INC CENTRAL INDEX KEY: 0000723125 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 751618004 STATE OF INCORPORATION: DE FISCAL YEAR END: 0901 BUSINESS ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 BUSINESS PHONE: 2083684000 MAIL ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: PO BOX 6 CITY: BOISE STATE: ID ZIP: 83716-9632 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2022-10-13 false 0000723125 MICRON TECHNOLOGY INC MU 0001242654 MEHROTRA SANJAY 8000 S. FEDERAL WAY BOISE ID 83716 true true false false CEO and President Common Stock 2022-10-13 4 A false 225118.00 0.00 A 854647.00 D Common Stock 2022-10-13 4 M false 135115.00 0.00 A 989762.00 D Common Stock 2022-10-13 4 F false 63815.00 52.75 D 925947.00 D Common Stock 2022-10-13 4 M false 3579.00 0.00 A 929526.00 D Common Stock 2022-10-13 4 F false 1691.00 52.75 D 927835.00 D Common Stock 2022-10-13 4 M false 89045.00 0.00 A 1016880.00 D Common Stock 2022-10-13 4 F false 46242.00 52.75 D 970638.00 D Common Stock 2022-10-13 4 M false 34610.00 0.00 A 1005248.00 D Common Stock 2022-10-13 4 F false 17973.00 52.75 D 987275.00 D Common Stock 2022-10-13 4 F false 29105.00 52.75 D 958170.00 D Common Stock 2022-10-16 4 F false 26679.00 52.72 D 931491.00 D Common Stock 2022-10-16 4 F false 29433.00 52.72 D 902058.00 D Common Stock 282061.00 I GRAT Performance Restricted Stock Units 0.00 2022-10-13 4 M false 38605.00 0.00 D Common Stock 135115.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 30770.00 0.00 D Common Stock 3579.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 44522.00 0.00 D Common Stock 89045.00 44523.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 37620.00 0.00 D Common Stock 34610.00 37620.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 88765.00 0.00 A Common Stock 88765.00 88765.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 56280.00 0.00 A Common Stock 56280.00 56280.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 56280.00 0.00 A Common Stock 56280.00 56280.00 D Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter. 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 performance period beginning September 4, 2020 and ending August 31, 2023 (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 16, 2020), and certification of such performance by the Compensation Committee. 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. 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. 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. The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2019. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares. Withholding of shares of common stock 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 NAND delivery and solutions at a level resulting in a vest of 100% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2020. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares. The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level resulting in a vest of 46% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2020. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares. Grantor retained annuity trust for the benefit of the reporting person and his family. 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 performance period beginning August 30, 2019 and ending September 1, 2022 (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 16, 2019), and certification of such performance by the Compensation Committee. 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 performance period beginning August 30, 2019 and ending September 1, 2022 (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 16, 2019), and certification of such performance by the Compensation Committee. 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 performance period beginning September 4, 2020 and ending August 31, 2023 (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 16, 2020), and certification of such performance by the Compensation Committee. Rob Beard, Attorney-in-fact 2022-10-17