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
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2022-10-13
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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
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D
Common Stock
2022-10-13
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336948.00
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2022-10-13
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21409.00
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315539.00
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2022-10-13
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1200.00
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A
316739.00
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Common Stock
2022-10-13
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567.00
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316172.00
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2022-10-13
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A
345051.00
D
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2022-10-13
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14997.00
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330054.00
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2022-10-13
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309942.00
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Performance Restricted Stock Units
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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