Form 4: Micron Technology EVP Sumit Sadana Reports Stock Transaction
SEC Form 4 Filing
Sumit Sadana, EVP and Chief Business Officer of Micron Technology, reports the withholding of common stock shares to cover tax obligations related to vesting awards.
Summary
- On April 15, 2025, Sumit Sadana, EVP and Chief Business Officer of Micron Technology, had 3,410 common stock shares withheld to cover tax obligations.
- The shares were withheld at a price of $71.02.
- Following the transaction, Sadana directly owns 293,964 shares of Micron Technology common stock.
Sentiment
Score: 5
Explanation: This is a neutral, routine disclosure of a stock transaction related to tax withholding. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a common practice of withholding shares to cover tax obligations upon vesting of stock awards, which is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of stock transaction (tax withholding) |
| 04/17/2025 | Date of signature on the Form 4 filing |
Keywords
Micron Technology, Sumit Sadana, stock transaction, Form 4, beneficial ownership, tax withholding, executive compensation, MU
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