Form 4: Micron Technology EVP Manish Bhatia Reports Stock Transaction

Manish Bhatia, EVP of Global Operations at Micron Technology, reports the withholding of common stock shares to cover tax obligations related to vesting awards.

Summary

• On April 15, 2024, Manish H Bhatia, EVP of Global Operations at Micron Technology, Inc., had 2,741 common stock shares withheld to satisfy tax obligations related to the vesting of previously granted awards.
• The price per share was $122.52.
• Following the transaction, Bhatia beneficially owns 319,119 shares of Micron Technology common stock.
• This includes 350.189 shares acquired on January 31, 2024, under the Micron Technology, Inc. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Executive compensation packages often include stock options and restricted stock units, leading to regular Form 4 filings when these vest or are exercised.
• Companies like Intel, Samsung, and SK Hynix, which are competitors of Micron Technology, also have similar filings from their executives.

Key Dates