Form 4: Micron Technology SVP, Michael W. Bokan, Reports Stock Transaction

Michael W. Bokan, SVP of Worldwide Sales at Micron Technology, reported a transaction involving the withholding of common stock shares to cover tax obligations.

Summary

• Michael W. Bokan, a Senior Vice President at Micron Technology, filed a Form 4 indicating a transaction on January 15, 2025.
• The transaction involved the withholding of 1,210 common stock shares to satisfy tax obligations related to the vesting of previously granted awards.
• The price per share for the transaction was $97.36.
• Following the transaction, Mr. Bokan directly owns 177,822 shares of Micron Technology stock.
• He also indirectly owns 17,201 shares through a family trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral transaction.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at publicly traded companies like Micron Technology.
• Similar transactions are regularly reported by executives at comparable companies such as Samsung, SK Hynix, and Intel.
• The withholding of shares for tax obligations is a common method of handling equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Micron Technology, stock transaction, Form 4, insider trading, executive compensation, tax withholding, equity securities