Seagate officer plans 3,575-share tax-cover sale
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported a planned sale of common stock under Rule 144 for officer John Christopher Morris. The notice lists 3,575 shares of common stock with Morgan Stanley as broker, and indicates that sales will be made pursuant to an issuer-mandated sell-to-cover program solely to satisfy tax withholding obligations on equity compensation. Related restricted stock unit vesting events on 08/20/2026 cover awards tied to 4,070, 1,221, and 1,764 shares of common stock as compensation for services. The filing also discloses prior sales of common stock by John C. Morris during the past three months.
Positive
- None.
Negative
- None.
Key Figures
Planned common stock amount: 3,575 shares
Value figure associated with securities information: 3,036,443.41
Restricted stock unit vesting shares: 4,070 shares
+5 more
8 metrics
Planned common stock amount
3,575 shares
Common stock with Morgan Stanley listed in the securities information section
Value figure associated with securities information
3,036,443.41
Numeric value printed alongside 3,575 shares of common stock
Restricted stock unit vesting shares
4,070 shares
Common stock related to RSU vesting on 08/20/2026 as compensation for services
Restricted stock unit vesting shares
1,221 shares
Common stock related to RSU vesting on 08/20/2026 as compensation for services
Restricted stock unit vesting shares
1,764 shares
Common stock related to RSU vesting on 08/20/2026 as compensation for services
Past sale on 06/12/2026
898 shares; 790,410.62
Common stock sold by John C. Morris during the past 3 months
Past sale on 08/03/2026
168 shares; 137,383.68
Common stock sold by John C. Morris during the past 3 months
Past sale on 06/09/2026
574 shares; 1,643.32
Common stock sold by John C. Morris during the 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 | 08/20/2026 | 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 John C. Morris"
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 filed in relation to STX disclose about upcoming sales?
The Form 144 discloses a planned sale of 3,575 shares of Seagate common stock through Morgan Stanley. The sales are stated to be made under an issuer-mandated sell-to-cover program solely to satisfy tax withholding obligations related to equity compensation.
Who is the insider associated with the STX Form 144 filing?
The notice relates to John Christopher Morris, identified as an officer of Seagate Technology Holdings plc. The filing covers sales of Seagate common stock for his account under Rule 144 and includes information on his recent transactions.
What restricted stock unit vesting transactions are disclosed for STX in this Form 144?
The filing lists restricted stock unit vesting on 08/20/2026 relating to common stock awards tied to 4,070, 1,221, and 1,764 shares. Each is identified as compensation for services with the issuer as the counterparty.
What STX common stock sales in the past three months are reported for John C. Morris?
The notice reports three prior sales of Seagate common stock: 898 shares on 06/12/2026 for 790,410.62, 574 shares on 06/09/2026 for 1,643.32, and 168 shares on 08/03/2026 for 137,383.68.
Who signed the STX Form 144 and in what capacity?
The Form 144 is signed by Dawn Ledbetter as Attorney-in-Fact for John C. Morris. The signature is provided under a power of attorney referenced in the remarks as “PoA attached.”
AI-generated analysis. How Rhea-AI works. Not financial advice.