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 vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 19, 2024, Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, reported transactions involving Micron's common stock.
- 269 Restricted Stock Units vested, resulting in the acquisition of 269 shares of common stock.
- 137 shares were withheld to satisfy tax obligations related to the vesting.
- Following these transactions, Allen directly owns 47,266 shares of Micron Technology common stock and 1,615 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| January 19, 2023 | 25% of Restricted Stock Units vested. |
| July 19, 2024 | Vesting of 269 Restricted Stock Units and tax withholding of 137 shares. |
| July 23, 2024 | Date of Form 4 signature by Attorney-in-fact. |
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