Form 4: Micron Technology Executive Scott R. Allen Reports Stock Transactions
SEC Form 4 Filing
Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 19, 2024, Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, engaged in 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 48,784 shares of Micron Technology common stock and 1,884 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax obligations.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| January 19, 2023 | 25% of Restricted Stock Units vested |
| April 19, 2024 | Restricted Stock Units vested and shares withheld for taxes |
| April 23, 2024 | Date of report submission |
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