Seagate officer plans $1.22M tax-withholding sale
An officer of Seagate Technology Holdings plc filed a Rule 144 notice to sell a small number of shares tied to RSU vesting to cover tax obligations.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) received a notice from officer Gianluca Romano of a proposed sale of 1,415 shares of common stock through Morgan Stanley under Rule 144. The planned sale relates to restricted stock unit vesting and is described as issuer-mandated sell-to-cover solely to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Key Figures
Shares proposed for sale: 1,415 shares
Aggregate market value of proposed sale: $1,220,263.94
Shares outstanding: 226,644,518 shares
+5 more
8 metrics
Shares proposed for sale
1,415 shares
Common stock to be sold under Rule 144 via Morgan Stanley
Aggregate market value of proposed sale
$1,220,263.94
Value of 1,415 shares as referenced in the notice
Shares outstanding
226,644,518 shares
Seagate common stock outstanding as referenced in the notice
RSU vesting 1
959 shares
Common stock from restricted stock unit vesting on September 9, 2026
RSU vesting 2
1,515 shares
Common stock from restricted stock unit vesting on September 9, 2026
Sale on June 10, 2026
1,351 shares for $1,109,780.00
Common stock sold by Gianluca Romano during past 3 months
Sale on August 7, 2026
22,211 shares for $2,190,984.63
Common stock sold by Gianluca Romano during past 3 months
Sale on August 20, 2026
9,077 shares for $7,708,956.50
Common stock sold by Gianluca Romano during past 3 months
Key Terms
Rule 144, Restricted Stock Unit Vesting, sell-to-cover, Attorney-in-Fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Unit Vesting financial
"Common stock | 09/09/2026 | Restricted Stock Unit Vesting | Issuer"
sell-to-cover financial
"Sales to be made pursuant to Issuer mandated sell-to-cover solely"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Attorney-in-Fact regulatory
"Signature | /s/ Dawn Ledbetter. Attorney-in-Fact for Gianluca Romano"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing mean for Seagate (STX)?
The notice reports that officer Gianluca Romano plans to sell 1,415 shares of Seagate common stock under Rule 144. The sales are linked to restricted stock unit vesting and are described as issuer-mandated sell-to-cover for tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.