Micron Technology SVP Michael Ray sells $5.8 million in stock

Michael Ray, Micron Technology's Senior Vice President and Chief Legal Officer, divested 7,008 shares of common stock on October 14, 2026, for a total value of $5,845,568. These sales were executed through a pre-established Rule 10b5-1 trading plan, with prices fluctuating between $914.04 and $946.17 per share. The stock's decline of approximately 9.5% over the previous week was a factor in this transaction.

Despite the recent downturn, Micron's shares have seen a substantial increase of over 360% in the past year, with the company's market capitalization currently standing at $1.03 trillion. InvestingPro's analysis suggests that the stock is still undervalued at this price point.

On the same day as the sale, Mr. Ray also disposed of an additional 8,989 shares at a price of $989.04 per share, amounting to $8,890,480. These transactions were executed to fulfill tax obligations associated with the vesting of previously granted awards. Furthermore, Mr. Ray acquired 4,298 shares of common stock, labeled as Restricted Stock Awards, which are set to vest in three equal annual installments beginning on the first anniversary of the grant date.

Mr. Ray's recent acquisitions include 16,345 Performance Restricted Stock Units (PRSUs) and 18,162 PRSUs, which were acquired on October 13, 2026. These units are tied to performance milestones in Data Center SSD and HBM3E+ categories, as well as relative total shareholder return. The vesting of these shares is contingent upon meeting pre-established performance goals at the conclusion of the third year of the performance period.