Micron Technology CEO offloaded over 40,000 shares last week as part of a scheduled sale, regulatory filings show.
Micron Technology CEO Sanjay Mehrotra sold approximately $37.3 million worth of company stock on July 24, according to regulatory filings. The transaction involved over 40,000 shares and was conducted under a pre-arranged trading plan.
The sale occurred after Micron’s stock reached its peak in June. Pre-arranged plans, often set up in advance, allow executives to sell shares without raising insider trading concerns. Such plans are common among corporate leaders.
No immediate market reaction was reported following the disclosure. Micron’s stock has been volatile amid broader semiconductor sector trends and macroeconomic conditions.