Micron Technology COO Reports PRSU Vestings and Tax Withholdings

Executive Summary

On October 13, 2026, Manish H. Bhatia, President and Chief Operating Officer of Micron Technology Inc ($MU), reported multiple non-derivative equity compensation transactions. These included the acquisition of shares via restricted stock awards and the settlement of three-year performance restricted stock units (PRSUs), alongside automatic dispositions of shares to cover tax withholding obligations.

Transaction Breakdown

• Acquisitions (Codes A & M):
  • Restricted Stock Award: 10,111 shares of common stock acquired at $0.00 per share (vesting in three equal annual installments).
  • PRSU Vesting/Settlement: A total of 68,697 shares of common stock acquired at $0.00 across three separate PRSU tranches granted in October 2023, following certification by the Compensation Committee of performance goals tied to High Growth Segments, HBM3E+, and relative total shareholder return.
• Tax Withholdings (Code F):
  • A cumulative 59,088 shares were surrendered to the issuer at $989.04 per share to satisfy statutory tax withholding requirements upon vesting.
• Derivative Holdings (Table II):
  • The filing also reflects certification of Year 2 milestones for October 2024 PRSU awards (totaling 80,509 earned units), which remain subject to final Year 3 service and performance vesting.

Ownership Impact

Following these transactions, Mr. Bhatia's direct beneficial ownership increased to 343,435 shares of Micron common stock (inclusive of 229.064 shares acquired via the Employee Stock Purchase Plan).

Market & Trading Significance

This filing reflects routine executive compensation activities—specifically, the settlement of multi-year performance units and standard share withholding for tax liability. Because no discretionary open-market purchases or sales took place, this filing carries a Low trading significance rating.