Form 4: Micron Technology EVP April S. Arnzen Sells 4,890 Shares
SEC Form 4
April S. Arnzen, EVP and Chief People Officer of Micron Technology, sold 4,890 shares of common stock at a price of $135.86 on June 27, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 27, 2024, April S. Arnzen, the EVP and Chief People Officer of Micron Technology, sold 4,890 shares of the company's common stock.
- The sale was executed at a price of $135.86 per share.
- Following the transaction, Arnzen directly owns 142,321 shares of Micron Technology.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. Rule 10b5-1 plans are frequently used to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/14/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/27/2024 | Date of stock sale transaction |
| 07/01/2024 | Date of Form 4 filing |
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