Form 4: Micron Technology CEO Sanjay Mehrotra Reports Stock Transactions
SEC Form 4 Filing
Sanjay Mehrotra, President and CEO of Micron Technology, reports the withholding of common stock shares to cover tax obligations and discloses beneficial ownership through grantor retained annuity trusts.
Summary
- On January 15, 2025, Sanjay Mehrotra, the President and CEO of Micron Technology, reported transactions involving the company's stock.
- 9,571 shares of common stock were withheld to satisfy tax obligations related to the vesting of previously granted awards at a price of $97.36 per share.
- Following the transaction, Mehrotra directly owns 930,409 shares of Micron Technology common stock.
- Mehrotra also indirectly owns 338,694 shares through grantor retained annuity trusts (GRATs) for the benefit of himself and his family.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal stock management for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 01/17/2025 | Date of signature by Attorney-in-fact. |
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