0001562180-23-007354.txt : 20231017 0001562180-23-007354.hdr.sgml : 20231017 20231017201500 ACCESSION NUMBER: 0001562180-23-007354 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: MEHROTRA SANJAY CENTRAL INDEX KEY: 0001242654 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 231330747 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: 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 0001242654 MEHROTRA SANJAY 8000 S. FEDERAL WAY BOISE ID 83716 true true false false CEO and President false Common Stock 2023-10-13 4 A false 119176.00 0.00 A 702038.00 D Common Stock 2023-10-13 4 M false 89045.00 0.00 A 791083.00 D Common Stock 2023-10-13 4 F false 42056.00 69.75 D 749027.00 D Common Stock 2023-10-13 4 M false 35363.00 0.00 A 784390.00 D Common Stock 2023-10-13 4 F false 16720.00 69.75 D 767670.00 D Common Stock 2023-10-13 4 M false 7264.00 0.00 A 774934.00 D Common Stock 2023-10-13 4 F false 3773.00 69.75 D 771161.00 D Common Stock 2023-10-13 4 M false 7264.00 0.00 A 778425.00 D Common Stock 2023-10-13 4 F false 3773.00 69.75 D 774652.00 D Common Stock 2023-10-13 4 M false 34385.00 0.00 A 809037.00 D Common Stock 2023-10-13 4 F false 17857.00 69.75 D 791180.00 D Common Stock 2023-10-13 4 F false 29105.00 69.75 D 762075.00 D Common Stock 2023-10-15 4 F false 37205.00 69.21 D 724870.00 D Common Stock 2023-10-16 4 F false 29433.00 69.21 D 695437.00 D Common Stock 601257.00 I GRAT Performance Restricted Stock Units 0.00 2023-10-13 4 M false 44523.00 0.00 D Common Stock 89045.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 37620.00 0.00 D Common Stock 35363.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 22013.00 0.00 D Common Stock 7264.00 22014.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 22013.00 0.00 D Common Stock 7264.00 22014.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 36973.00 0.00 D Common Stock 34385.00 36973.00 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. Grantor retained annuity trusts are for the benefit of the Reporting Person and his family. 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