0001562180-23-007350.txt : 20231017 0001562180-23-007350.hdr.sgml : 20231017 20231017201129 ACCESSION NUMBER: 0001562180-23-007350 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231013 FILED AS OF DATE: 20231017 DATE AS OF CHANGE: 20231017 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: 231330731 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: 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 0001689498 BHATIA MANISH H 8000 S. FEDERAL WAY BOISE ID 83716 false true false false EVP, Global Operations false Common Stock 2023-10-13 4 A false 64516.00 0.00 A 324863.00 D Common Stock 2023-10-13 4 M false 28879.00 0.00 A 353742.00 D Common Stock 2023-10-13 4 F false 13640.00 69.75 D 340102.00 D Common Stock 2023-10-13 4 M false 11469.00 0.00 A 351571.00 D Common Stock 2023-10-13 4 F false 5423.00 69.75 D 346148.00 D Common Stock 2023-10-13 4 M false 2473.00 0.00 A 348621.00 D Common Stock 2023-10-13 4 F false 1285.00 69.75 D 347336.00 D Common Stock 2023-10-13 4 M false 2473.00 0.00 A 349809.00 D Common Stock 2023-10-13 4 F false 1285.00 69.75 D 348524.00 D Common Stock 2023-10-13 4 M false 11705.00 0.00 A 360229.00 D Common Stock 2023-10-13 4 F false 6079.00 69.75 D 354150.00 D Common Stock 2023-10-13 4 F false 7759.00 69.75 D 346391.00 D Common Stock 2023-10-15 4 F false 12924.00 69.21 D 333467.00 D Common Stock 2023-10-16 4 F false 9546.00 69.21 D 323921.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 14440.00 0.00 D Common Stock 28879.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 12201.00 0.00 D Common Stock 11469.00 0.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 7494.00 0.00 D Common Stock 2473.00 7494.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 7494.00 0.00 D Common Stock 2473.00 7494.00 D Performance Restricted Stock Units 0.00 2023-10-13 4 M false 12586.00 0.00 D Common Stock 11705.00 12587.00 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 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. 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. 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. Mai Lan Bui, Attorney-in-fact 2023-10-17 EX-24 2 mbhatiapoa.txt POWER OF ATTORNEY POWER OF ATTORNEY The undersigned, as an officer and/or director of Micron Technology, Inc. (the "Company") who is subject to the ownership reporting requirements of Section 16 of the U.S. Securities Exchange Act of 1934, as amended ("Section 16"), hereby constitutes and appoints Renee Becker, Brian Bishop, Mai Lan Bui, and Matthew Hendley, and each of them, the undersigned's true and lawful attorney-in-fact to: 1. complete and execute, for and on behalf of the undersigned, Forms 3, 4 and 5 and such other forms, and any and all amendments thereto, as such attorney-in-fact shall in his or her discretion determine to be required or advisable pursuant to Section 16, and the rules and regulations promulgated thereunder, or any successor laws and regulations thereto (collectively, the "Exchange Act Rules"), as a consequence of the undersigned's ownership, acquisition or disposition of securities of the Company; and 2. do all acts necessary in order to file such forms and/or amendments thereto with the U.S. Securities and Exchange Commission, any securities exchange or national association, the Company and such other person or agency as the attorney-in- fact shall deem appropriate to comply with the Exchange Act Rules and any other applicable laws. The undersigned hereby ratifies and confirms all that said attorneys-in-fact shall do or cause to be done by virtue hereof. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with the Exchange Act Rules. The undersigned hereby revokes any previous power of attorney that he or she may have given to any person to make and file such forms and amendments with respect to his or her ownership, acquisition or disposition of securities of the Company. This Power of Attorney shall remain in full force and effect until the earliest to occur of the following: (a) the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, (b) revocation by the undersigned in a signed writing delivered to the Company, or (c) as to any attorney-in-fact individually, until such attorney-in-fact is no longer employed by the Company. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 13th day of April, 2023. Signature:__/s/ Manish Bhatia__________________ Print Name: Manish Bhatia