Form 4: Micron Technology Executive Sells Shares to Cover Tax Obligations

Micron Technology's EVP, CTO and Products Officer, Scott J Deboer, sold 2,391 shares of common stock to cover tax obligations related to vesting awards.

Summary

• Scott J Deboer, an Executive Vice President at Micron Technology, sold 2,391 shares of common stock on January 15, 2025.
• The sale was executed at a price of $97.36 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of previously granted stock awards.
• Following the transaction, Deboer directly owns 231,713 shares of Micron Technology stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock awards vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the technology industry.
• Many companies use stock-based compensation as part of their executive pay packages, leading to similar transactions.
• The number of shares sold and the price are specific to the individual's compensation package and the company's stock performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Micron Technology, stock sale, insider trading, executive compensation, tax obligations, stock awards, Scott J Deboer