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

A Micron Technology executive, Michael Charles Ray, sold 14,161 shares of common stock to cover tax obligations related to vesting awards.

Summary

• Michael Charles Ray, a Senior Vice President and Chief Legal Officer at Micron Technology, sold 14,161 shares of common stock on January 22, 2025.
• The sale was executed at a price of $109.38 per share.
• This transaction was to satisfy tax withholding obligations related to the vesting of previously granted awards.
• Following the transaction, Ray directly owns 105,315 shares of Micron Technology common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and it is common for them to sell shares to cover tax obligations when 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, and these transactions are a normal part of that process.
• Similar transactions are regularly reported by executives at companies like Intel, Samsung, and Texas Instruments.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• The sale does not indicate any change in the executive's confidence in the company.

Key Dates

Keywords

Micron Technology, stock sale, insider trading, executive compensation, tax obligations, share transaction, Form 4