Form 4: Micron Technology EVP Scott Deboer Sells 40,000 Shares

Micron Technology's EVP, Scott J. Deboer, sold 40,000 shares of common stock at a price of $110.31 per share on May 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott J. Deboer, EVP of Technology & Products at Micron Technology Inc., sold 40,000 shares of common stock on May 1, 2024.
• The sale was executed at a price of $110.31 per share.
• Following the transaction, Deboer directly owns 158,617 shares of Micron Technology.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on January 30, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. The sentiment is neutral as it doesn't inherently reflect positive or negative news about the company's performance.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects. However, sales under 10b5-1 plans are less informative as they are pre-arranged.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates