Seagate director (STX) nets shares after RSU exercise and tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Seagate Technology Holdings plc director Thomas A. Szlosek reported an amended Form 4 reflecting equity award activity tied to a prior restricted share unit grant. On October 25, 2025, he exercised 470 restricted share units, receiving the same number of Ordinary Shares at no cash cost.
Of these shares, 113 Ordinary Shares at $234.12 per share were automatically withheld to cover tax obligations, a disposition classified as payment of tax liability, leaving 357 Ordinary Shares held directly. The amendment is described as being made due to an administrative oversight, and the RSUs were originally granted on August 23, 2025 under the 2022 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
470 shares exercised/converted
Mixed
3 txns
Insider
Szlosek Thomas A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 470 | $0.00 | -- |
| Exercise | Ordinary Shares | 470 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 113 | $234.12 | $26K |
Holdings After Transaction:
Restricted Share Unit — 0 shares (Direct);
Ordinary Shares — 470 shares (Direct)
Footnotes (1)
- This amendment is being filed due to an administrative oversight. Consists of a grant of restricted share units (RSUs) awarded to the Reporting Person on August 23, 2025 under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares were released to the Reporting Person on the date of the next annual general meeting of shareholders of the Issuer following the end of the fiscal year ending on June 27, 2025.
FAQ
What insider transaction did Thomas A. Szlosek report for Seagate (STX)?
Thomas A. Szlosek reported exercising 470 restricted share units into Ordinary Shares and a related tax-withholding share disposition. This Form 4/A amendment corrects an earlier oversight and details how many shares were acquired and withheld on the transaction date.
What does the tax-withholding transaction in Szlosek’s Seagate (STX) filing mean?
The filing shows 113 Ordinary Shares disposed at $234.12 per share to pay taxes. This is a non-cash, automatic tax-withholding disposition, not an open-market sale, tied directly to the restricted share unit exercise on the same date.
Why is this Seagate (STX) Form 4/A labeled as an amendment?
The Form 4/A is labeled an amendment because it is being filed due to an administrative oversight. The footnote states the purpose is to correct prior reporting, while restating the details of the original equity award and its settlement.
Under which plan were Szlosek’s Seagate (STX) RSUs issued and how do they settle?
The RSUs were issued under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Each unit represents a contingent right to receive one Ordinary Share, released upon continuous service through the specified shareholder meeting date following the fiscal year end.