Micron Director Robert Swan Receives 38 RSUs in Lieu of Retainer
MICRON TECHNOLOGY INC
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Filing Summary
Form 4 Alert: Micron Technology Inc ($MU) Insider: Robert Holmes Swan (Director) Transaction: Grant / Award (Code: A) Security: Restricted Stock Units Shares: 38 @ $0.00 ($0.00 total) Post-Transaction Holdings: 38 RSUs Significance: Low (Director retainer compensation in lieu of cash)
Comprehensive Analysis
Transaction Overview
On September 30, 2026, Robert Holmes Swan, a member of the Board of Directors of Micron Technology Inc ($MU), acquired 38 Restricted Stock Units (RSUs) under transaction code A (Grant/Award).
Transaction Specifics
- Security: Restricted Stock Units (convertible into Common Stock 1-for-1)
- Shares Acquired: 38 units
- Price per Share: $0.00
- Total Transaction Value: $0.00
- Post-Transaction Beneficial Ownership: 38 RSUs (Direct)
Context and Footnote Details
According to Footnote (1), these Director Restricted Stock Units were granted in lieu of a cash retainer and vested 100% on the grant date. Following a deferral election made by Mr. Swan, actual delivery of the underlying common shares will take place within 15 days following his separation from service on the Board.
Market and Trading Significance
This transaction carries Low trading significance. It reflects standard non-employee director compensation where the director elected to receive equity rather than cash for board retainer fees. Because it is a routine, automated compensation grant rather than an open-market purchase or sale, it does not signal discretionary sentiment regarding the company's operational trajectory or stock valuation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
