Micron Chief Legal Officer Michael Ray sells $5.9 million of stock after performance award payout

Micron Technology Chief Legal Officer Michael Ray sold 6,328 shares on Oct. 14, according to two Form 4s filed Oct. 15.

The larger filing reports 6,288 shares sold at weighted-average prices of about $914.13 to $945.91. The second reports 40 shares sold at $947.29. Combined proceeds were about $5.9 million, an IDD calculation from the reported prices. Both filings say the sales were made under a Rule 10b5-1 trading plan Ray adopted on Jan. 30, 2026.

On Oct. 13, Micron withheld 8,989 of Ray's shares at $989.04 to cover taxes on vesting equity awards, and he received a grant of 4,298 restricted shares that vest in three annual installments, according to the filing.

The Form 4 also shows how earlier performance awards are paying out. Micron's compensation committee certified that goals tied to data center SSD and HBM3E+ were met at 233% of target, and that a relative total shareholder return goal was met at 150% of target. Those goals apply to performance stock units awarded on Oct. 13, 2024, with a three-year performance period, and total payouts are capped at 200% of target shares. The reported units are those earned through the end of the period's second year.

Ray held 56,248 Micron shares directly after the sales.

By the numbers

• Shares sold Oct. 14: 6,328 (about $5.9 million)
• Shares withheld for taxes Oct. 13: 8,989 at $989.04
• 2024 PRSU payout: 233% of target (SSD and HBM3E+) and 150% (relative TSR)
• Held afterward: 56,248 shares

Sources

1. Micron Technology, Inc. Form 4 (Michael Charles Ray), filed Oct. 15, 2026, accession 0001593199-26-000004
2. Micron Technology, Inc. Form 4 (Michael Charles Ray), filed Oct. 15, 2026, accession 0001593199-26-000005

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.