STX Insider Filing: 13,976 Options, 10,777 RSUs Granted to EVP
Rhea-AI Filing Summary
Seagate Technology Holdings plc reported insider equity awards to Kian Fatt Chong (EVP Global Operations) on a Form 4 filed for transactions dated 08/20/2025. The filing shows a grant of 13,976 non-qualified stock options exercisable at $158.40 with an exercise/strike price shown as $158.4 and an expiration/term through 08/20/2032, plus three separate Restricted Share Unit (RSU) grants totaling 10,777 ordinary shares (5,241; 4,258; 1,278). All reported holdings following the transactions are held directly by the reporting person.
The filing explains vesting: the option grant vests over four years with 25% vesting on 08/20/2026 and the remainder monthly thereafter; one RSU award vests 25% on 08/20/2026 then quarterly thereafter; two RSU awards have cliff or one-year vesting so 100% vests on the first anniversary (08/20/2026).
Positive
- Material equity alignment: Grant of 13,976 NQ options and 10,777 RSUs aligns the EVP's interests with shareholders over multiple years.
- Clear vesting schedules: Options and RSUs include explicit vesting timing (25% on 08/20/2026 for multi‑year awards and one‑year cliff for certain RSUs), aiding transparency.
- Direct ownership disclosed: All reported securities are held directly by the reporting person following the transactions.
Negative
- None.
Insights
TL;DR: Executive received standard multi-year equity awards aligning pay with long-term performance and retention.
The Form 4 documents time-based equity grants to the EVP Global Operations consisting of 13,976 NQ stock options and 10,777 RSUs. Vesting schedules are time‑based: a four‑year stagger for the options and a mix of four‑year and one‑year RSU vesting, which is consistent with typical retention and incentive practices. The option strike is reported at $158.40 and the option term extends to 08/20/2032. All shares are reported as direct beneficial ownership following the awards. No cash proceeds, dispositions, or sales are reported.
TL;DR: Grants follow customary governance practices with clear vesting; disclosure is complete for SEC Form 4 purposes.
The filing discloses the nature, amounts, vesting terms, and direct ownership status for each grant. Vesting conditions are tied solely to continuous employment and specific calendar vesting dates rather than performance metrics, which is a governance detail investors may note. The Form 4 is signed by an Attorney‑in‑Fact and includes explanatory footnotes clarifying vesting mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | NQ Stock Option | 13,976 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 5,241 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 4,258 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 1,278 | $0.00 | -- |
Footnotes (1)
- Options granted to the Reporting Person under the Seagate Technology plc 2022 Equity Incentive Plan the ("Plan") are subject to a four-year vesting schedule. Subject to continuous employment, 25% shall vest on August 20, 2026 and the remaining portion shall vest in equal monthly installments over the following three years for a total vesting period of four years. Consists of a grant of Restricted Share Unit (RSU) awarded to the Reporting Person under the Plan, subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on August 20, 2026 and then in equal quarterly installments thereafter. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, 100% of such RSUs will vest on the first anniversary of the grant date, August 20, 2026.
