Form 4: Micron Technology SVP Michael Bokan Reports Stock Transactions
SEC Form 4 Filing
SVP of Worldwide Sales at Micron Technology, Michael Bokan, reports the withholding of common stock shares to cover tax obligations and shares acquired through the Employee Stock Purchase Plan.
Summary
- Michael Bokan, SVP of Worldwide Sales at Micron Technology, reported a transaction involving common stock on April 15, 2024.
- 1,132 shares were withheld to satisfy tax obligations related to the vesting of previously granted awards at a price of $122.52.
- Bokan directly owns 168,387 shares following the reported transaction.
- He also indirectly owns 17,201 shares held in a trust.
- Bokan acquired 273.889 shares on January 31, 2024, under the Micron Technology, Inc. Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so 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. It doesn't necessarily reflect a broader trend in the semiconductor industry but rather individual financial decisions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Acquisition of 273.889 shares under the Micron Technology, Inc. Employee Stock Purchase Plan |
| 04/15/2024 | Withholding of 1,132 common stock shares to satisfy tax withholding obligations |
| 04/17/2024 | Date of signature by Attorney-in-fact |
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