Form 4: Micron Technology Executive Scott R. Allen Reports Stock Transactions
SEC Form 4
Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On October 19, 2024, Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, engaged in transactions involving the company's stock.
- Allen acquired 269 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 137 shares were disposed of to cover tax withholding obligations at a price of $111.15 per share.
- Following these transactions, Allen directly owns 59,518 shares of Micron Technology common stock.
- Allen also directly owns 1,346 derivative securities in the form of restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives at publicly traded companies like Micron Technology.
Key Dates
| Date | Description |
|---|---|
| January 19, 2023 | Restricted Stock Units vested 25%. |
| October 19, 2024 | Date of the reported transactions: acquisition of 269 shares via vesting of restricted stock units and disposal of 137 shares for tax obligations. |
| October 22, 2024 | Date of signature by Attorney-in-fact. |
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