=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-10-13
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
--- Reporting Owner ---
Name: MEHROTRA SANJAY
CIK: 0001242654
Role: Director, Officer (President and CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-10-13 | Code: A (Grant or award)
Shares: +21,233 | Price: $0.00
Shares Owned After: 285,736 | Ownership: D (Direct)
Footnotes:
[F1] Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.
[Transaction #2]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -20,213 | Price: $989.04
Total Value: $19,991,465.52
Shares Owned After: 265,523 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[Transaction #3]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -14,080 | Price: $989.04
Total Value: $13,925,683.20
Shares Owned After: 251,443 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[Transaction #4]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -9,807 | Price: $989.04
Total Value: $9,699,515.28
Shares Owned After: 241,636 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[Transaction #5]
Security: Common Stock
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: +82,721 | Price: $0.00
Shares Owned After: 324,357 | Ownership: D (Direct)
Footnotes:
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #6]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -47,143 | Price: $989.04
Total Value: $46,626,312.72
Shares Owned After: 277,214 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[Transaction #7]
Security: Common Stock
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: +82,721 | Price: $0.00
Shares Owned After: 359,935 | Ownership: D (Direct)
Footnotes:
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #8]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -40,575 | Price: $989.04
Total Value: $40,130,298.00
Shares Owned After: 319,360 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
[Transaction #9]
Security: Common Stock
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: +70,224 | Price: $0.00
Shares Owned After: 389,584 | Ownership: D (Direct)
Footnotes:
[F4] The Compensation Committee certified achievement of pre-established performance goals related to total shareholder return at 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. As a result of this limitation, the final payout for these PRSUs was reduced to 126% of target after application of the aggregate payout provisions. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #10]
Security: Common Stock
Date: 2026-10-13 | Code: F (Payment of exercise/tax)
Shares: -34,438 | Price: $989.04
Total Value: $34,060,559.52
Shares Owned After: 355,146 | Ownership: D (Direct)
Footnotes:
[F2] Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
--- Derivative Transactions ---
[Transaction #1]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: -82,721 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #2]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: -82,721 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[F3] The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #3]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: M (Exercise of derivative)
Shares: -70,224 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F4] The Compensation Committee certified achievement of pre-established performance goals related to total shareholder return at 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. As a result of this limitation, the final payout for these PRSUs was reduced to 126% of target after application of the aggregate payout provisions. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[F4] The Compensation Committee certified achievement of pre-established performance goals related to total shareholder return at 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. As a result of this limitation, the final payout for these PRSUs was reduced to 126% of target after application of the aggregate payout provisions. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
[Transaction #4]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: A (Grant or award)
Shares: +89,805 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 89,805 | Ownership: D (Direct)
Footnotes:
[F6] The Compensation Committee certified achievement of pre-established performance goals related to Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
[F6] The Compensation Committee certified achievement of pre-established performance goals related to Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
[Transaction #5]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: A (Grant or award)
Shares: +89,805 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 89,805 | Ownership: D (Direct)
Footnotes:
[F6] The Compensation Committee certified achievement of pre-established performance goals related to Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
[F6] The Compensation Committee certified achievement of pre-established performance goals related to Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
[Transaction #6]
Security: Performance Restricted Stock Units
Date: 2026-10-13 | Code: A (Grant or award)
Shares: +99,791 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 99,791 | Ownership: D (Direct)
Footnotes:
[F7] The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
[F7] The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F5] Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
--- Footnotes (Complete Index) ---
F1: Restricted Stock Awards vest in three equal annual installments beginning on the first anniversary of the grant date.
F2: Withholding of common stock shares to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F3: The Compensation Committee certified achievement of pre-established performance goals related to High Growth Segments and HBM3E+, each at 266% of target under the performance-based restricted stock units ("PRSUs") with a three-year performance period granted on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
F4: The Compensation Committee certified achievement of pre-established performance goals related to total shareholder return at 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2023. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2023. As a result of this limitation, the final payout for these PRSUs was reduced to 126% of target after application of the aggregate payout provisions. The reported shares represent shares earned upon certification of performance at the conclusion of the three-year performance period, including shares earned based on second-year performance that remained subject to vesting and shares earned based on third-year performance. All such shares vested upon certification of performance at the end of the three-year performance period.
F5: Grantor retained annuity trusts are for the benefit of the Reporting Person and his family.
F6: The Compensation Committee certified achievement of pre-established performance goals related to Data Center SSD and HBM3E+, each at a level of 233% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
F7: The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level of 150% of target under the PRSUs with a three-year performance period previously awarded on October 13, 2024. The payout for the PRSUs (if earned) varies (starting at 0%) based on actual achievement of the goals, subject to a 200% aggregate limit on the total target shares that may be received under the PRSUs awarded on October 13, 2024. The reported shares represent the shares earned as of the end of the second year of the performance period, 100% of which remain subject to vesting until certification of performance goals at the end of year 3 of the performance period.
--- Signature ---
/s/ Mai Lan Bui, Attorney-in-fact (2026-10-15)
