Micron CEO Sanjay Mehrotra Reports PRSU Vestings & Tax Withholding

Executive Summary

On October 13, 2026, Micron Technology Inc. ($MU) President and CEO Sanjay Mehrotra completed a series of transactions related to performance-based equity award settlements and tax withholdings. The transactions resulted in a net increase of 90,643 directly held shares of common stock, bringing direct ownership to 355,146 shares. Additionally, 607,075 shares remain held indirectly via Grantor Retained Annuity Trusts (GRATs).

Transaction Details

1. Equity Award Settlements & Grants (Acquisitions):

   • Restricted Stock Award (Code A): 21,233 shares granted at $0.00, vesting in three equal annual installments.
   • Performance Restricted Stock Units (Code M): 235,666 shares acquired at $0.00 upon certification of performance goals for awards granted in October 2023 (covering High Growth Segments, HBM3E+, and relative TSR).

2. Tax Withholdings (Dispositions):

   • An aggregate of 166,256 shares of Common Stock were surrendered to the issuer across five tranches (Code F) to satisfy mandatory statutory tax withholding liabilities at an evaluation price of $989.04 per share, totaling approximately $164.43 million.

3. New PRSU Performance Milestones Certified:

   • Certification of Year 2 milestones for October 2024 PRSU grants, covering Data Center SSD, HBM3E+, and relative TSR, totaling 279,397 earned units that remain subject to vesting at the end of Year 3.

Market & Trading Significance

This filing carries Low trading significance. All dispositions were mandatory shares withheld to cover tax obligations (Code F) arising from the vesting of previously granted equity compensation (Code M). There were no open-market discretionary sales or purchases under Rule 10b5-1 plans.