Form 4: Micron Technology CEO Sanjay Mehrotra Transfers Shares to Family Trusts
SEC Form 4 Filing
CEO Sanjay Mehrotra transferred 14,531 shares of Micron Technology stock to family trusts upon the expiration of a grantor retained annuity trust on August 8, 2024.
Summary
- On August 8, 2024, Sanjay Mehrotra, CEO and President of Micron Technology, transferred 14,531 shares of common stock to trusts for the benefit of various family members.
- This transfer occurred upon the expiration of a grantor retained annuity trust.
- Mehrotra also had 18,404 shares transferred from indirect ownership to direct ownership upon the expiration of a grantor retained annuity trust.
- Following the reported transactions, Mehrotra directly owns 727,945 shares of Micron Technology common stock and indirectly owns 338,694 shares through grantor retained annuity trusts for the benefit of himself and his family.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transfer of shares. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This is a routine disclosure related to executive stock ownership and does not necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of stock transfer to family trusts and transfer from indirect to direct ownership. |
| 08/12/2024 | Date of signature by Attorney-in-fact. |
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