0001562180-23-007349.txt : 20231017 0001562180-23-007349.hdr.sgml : 20231017 20231017200904 ACCESSION NUMBER: 0001562180-23-007349 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231013 FILED AS OF DATE: 20231017 DATE AS OF CHANGE: 20231017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bokan Michael W CENTRAL INDEX KEY: 0001754666 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 231330725 MAIL ADDRESS: STREET 1: 8000 S FEDERAL WAY STREET 2: 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: 0831 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 X0508 4 2023-10-13 false 0000723125 MICRON TECHNOLOGY INC MU 0001754666 Bokan Michael W 8000 S. FEDERAL WAY BOISE ID 83716 false true false false SVP, Worldwide Sales false Common Stock 2023-10-13 4 A false 35842.00 0.00 A 169019.00 D Common Stock 2023-10-13 4 M false 16846.00 0.00 A 185865.00 D Common Stock 2023-10-13 4 F false 7211.00 69.75 D 178654.00 D Common Stock 2023-10-13 4 M false 6691.00 0.00 A 185345.00 D Common Stock 2023-10-13 4 F false 2868.00 69.75 D 182477.00 D Common Stock 2023-10-13 4 M false 1391.00 0.00 A 183868.00 D Common Stock 2023-10-13 4 F false 661.00 69.75 D 183207.00 D Common Stock 2023-10-13 4 M false 1391.00 0.00 A 184598.00 D Common Stock 2023-10-13 4 F false 661.00 69.75 D 183937.00 D Common Stock 2023-10-13 4 M false 6584.00 0.00 A 190521.00 D Common Stock 2023-10-13 4 F false 3128.00 69.75 D 187393.00 D Common Stock 2023-10-13 4 F false 5076.00 69.75 D 182317.00 D Common Stock 2023-10-15 4 F false 6777.00 69.21 D 175540.00 D Common Stock 2023-10-16 4 F false 5071.00 69.21 D 170469.00 D Common Stock 17201.00 I Trust Performance Restricted Stock Units 0.00 2023-10-13 4 M false 8423.00 0.00 D Common Stock 16846.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 7118.00 0.00 D Common Stock 6691.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 4215.00 0.00 D Common Stock 1391.00 4216.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 4215.00 0.00 D Common Stock 1391.00 4216.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 7080.00 0.00 D Common Stock 6584.00 7080.00 D Restricted Stock Award vests in 33 1/3% increments annually on the anniversary of the grant. Each performance-based restricted stock unit ("PRSU") 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 Data Center NAND delivery and solutions over a 3-year performance period beginning September 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2021), and certification of such performance by the Compensation Committee. Each performance-based restricted stock unit ("PRSU") 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 High Value NAND delivery and solutions over a 3-year performance period beginning September 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2021), and certification of such performance by the Compensation Committee. Each performance-based restricted stock unit ("PRSU") 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 3, 2021 and ending August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2021), and certification of such performance by the Compensation Committee. The Compensation Committee certified achievement of pre-established performance goals related to NAND delivery and solutions at 200% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 16, 2020. As reported at grant, the PRSU 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 16, 2020. 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 in year 3 of the performance period. 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 relative total shareholder return at a level of 93% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 16, 2020. As reported at grant, the PRSU 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 16, 2020. 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 at a level of 33% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2021. As reported at grant, the PRSU 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, 2021. 50% of the shares earned vested upon certification of the performance and 50% remain subject to vesting until the 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 93% of target under the performance-based restricted stock units ("PRSU") with a 3-year performance period previously awarded on October 13, 2021. As reported at grant, the PRSU 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 PRSU awarded on October 13, 2021. 50% of the shares earned vested upon certification of the performance and 50% remain subject to vesting until the certification of performance goals at the end of year 3 of the performance period. Shares held in a Trust for the benefit of the reporting person and his family, with the reporting person as a co-trustee with his spouse. Each performance-based restricted stock unit ("PRSU") 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 PRSUs awarded on October 16, 2020), and certification of such performance by the Compensation Committee. Each performance-based restricted stock unit ("PRSU") 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 PRSUs awarded on October 16, 2020), and certification of such performance by the Compensation Committee. Mai Lan Bui, Attorney-in-fact 2023-10-17