Form 4: Micron Technology Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, disposed of 991 shares of common stock to satisfy tax withholding obligations.
Summary
- On January 15, 2025, Scott R. Allen, CVP and Chief Accounting Officer of Micron Technology, disposed of 991 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of previously granted awards.
- The shares were sold at a price of $97.36 per share.
- Following the transaction, Allen directly owns 53,527 shares of Micron Technology common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of transaction: Scott R. Allen disposed of shares. |
| 01/17/2025 | Date of signature: Mai Lan Bui, Attorney-in-fact, signed the Form 4. |
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