0001562180-22-007205.txt : 20221017 0001562180-22-007205.hdr.sgml : 20221017 20221017165714 ACCESSION NUMBER: 0001562180-22-007205 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: BHATIA MANISH H CENTRAL INDEX KEY: 0001689498 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10658 FILM NUMBER: 221314178 MAIL ADDRESS: STREET 1: C/O WESTERN DIGITAL CORPORATION STREET 2: 5601 GREAT OAKS PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95119 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 0001689498 BHATIA MANISH H 8000 S. FEDERAL WAY BOISE ID 83716 false true false false EVP, Global Operations Common Stock 2022-10-13 4 A false 78199.00 0.00 A 291620.00 D Common Stock 2022-10-13 4 M false 45328.00 0.00 A 336948.00 D Common Stock 2022-10-13 4 F false 21409.00 52.75 D 315539.00 D Common Stock 2022-10-13 4 M false 1200.00 0.00 A 316739.00 D Common Stock 2022-10-13 4 F false 567.00 52.75 D 316172.00 D Common Stock 2022-10-13 4 M false 28879.00 0.00 A 345051.00 D Common Stock 2022-10-13 4 F false 14997.00 52.75 D 330054.00 D Common Stock 2022-10-13 4 M false 11225.00 0.00 A 341279.00 D Common Stock 2022-10-13 4 F false 5830.00 52.75 D 335449.00 D Common Stock 2022-10-13 4 F false 7067.00 52.75 D 328382.00 D Common Stock 2022-10-16 4 F false 8894.00 52.72 D 319488.00 D Common Stock 2022-10-16 4 F false 9546.00 52.72 D 309942.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 10318.00 0.00 D Common Stock 1200.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 12951.00 0.00 D Common Stock 45328.00 0.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 14439.00 0.00 D Common Stock 28879.00 14440.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 M false 12201.00 0.00 D Common Stock 11225.00 12201.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 30834.00 0.00 A Common Stock 30834.00 30834.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 19550.00 0.00 A Common Stock 19550.00 19550.00 D Performance Restricted Stock Units 0.00 2022-10-13 4 A false 19550.00 0.00 A Common Stock 19550.00 19550.00 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 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 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