Form 4: Micron Technology Executive Scott R. Allen Reports Stock Transactions

Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, reports acquisition and disposal of company stock and restricted stock units.

Summary

• On October 13, 2024, Scott R. Allen acquired 14,029 shares of Micron Technology common stock at $0.00 and disposed of 2,362 shares at $106.92 to cover tax obligations.
• He also disposed of 1,899 shares at $106.92 on the same day.
• On October 15, 2024, Allen disposed of 248 shares at $108.34 and 661 shares at $108.34 to cover tax obligations.
• On October 16, 2024, Allen exercised 6,613 Restricted Stock Units (RSUs) and disposed of 3,352 shares at $104.32 to cover tax obligations.
• Following these transactions, Allen directly owns 59,386 shares of Micron Technology common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It reflects standard compensation practices involving stock options and restricted stock units.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded technology companies like Micron Technology.
• Companies such as Intel, Samsung, and SK Hynix also utilize similar equity-based compensation to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices observed in this filing are consistent with industry norms.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they primarily reflect the executive's compensation and tax obligations.
• Employees may view the transactions as a standard part of executive compensation.

Key Dates