0001562180-22-007209.txt : 20221017 0001562180-22-007209.hdr.sgml : 20221017 20221017170815 ACCESSION NUMBER: 0001562180-22-007209 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: Deboer Scott J CENTRAL INDEX KEY: 0001568238 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 221314261 MAIL ADDRESS: STREET 1: 8000 S FEDERAL WAY, MS 1-557 CITY: BOISE STATE: ID ZIP: 83716 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 0001568238 Deboer Scott J 8000 S. FEDERAL WAY BOISE ID 83716 false true false false EVP, Technology & Products Common Stock 2022-10-13 4 A false 61611.00 0.00 A 248683.00 D Common Stock 2022-10-13 4 M false 33834.00 0.00 A 282517.00 D Common Stock 2022-10-13 4 F false 14049.00 52.75 D 268468.00 D Common Stock 2022-10-13 4 M false 896.00 0.00 A 269364.00 D Common Stock 2022-10-13 4 F false 386.00 52.75 D 268978.00 D Common Stock 2022-10-13 4 M false 24066.00 0.00 A 293044.00 D Common Stock 2022-10-13 4 F false 11480.00 52.75 D 281564.00 D Common Stock 2022-10-13 4 M false 9354.00 0.00 A 290918.00 D Common Stock 2022-10-13 4 F false 4462.00 52.75 D 286456.00 D Common Stock 2022-10-13 4 F false 4739.00 52.75 D 281717.00 D Common Stock 2022-10-16 4 F false 6101.00 52.72 D 275616.00 D Common Stock 2022-10-16 4 F false 7276.00 52.72 D 268340.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 9667.00 0.00 D Common Stock 33834.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 7705.00 0.00 D Common Stock 896.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 12033.00 0.00 D Common Stock 24066.00 12033.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 10167.00 0.00 D Common Stock 9354.00 10168.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 24294.00 0.00 A Common Stock 24294.00 24294.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 15403.00 0.00 A Common Stock 15403.00 15403.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 15403.00 0.00 A Common Stock 15403.00 15403.00 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 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. 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. 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. Rob Beard, Attorney-in-fact 2022-10-17