Seagate (STX) Form 4: 3,427 RSUs to shares; 823 disposed
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) director Michael R. Cannon reported insider activity. On 10/19/2025, 3,427 ordinary shares were acquired at $0 via transaction code “M,” reflecting the conversion/settlement of restricted share units. On the same date, 823 shares were disposed at $225.4 under transaction code “F.”
Following these transactions, Cannon directly owned 13,439 shares, with an additional 6,885 shares held indirectly via the Michael R. Cannon Trust. The footnote states each RSU equals one ordinary share and that release is subject to continuous service, occurring on the earlier of one year from grant or the next annual general meeting following the fiscal year ending June 27, 2025, provided that meeting is at least 50 weeks after the prior year’s meeting.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 showing RSU settlement and related share disposition.
The filing records an “M” transaction for 3,427 RSUs converting into ordinary shares at $0, which is typical for equity awards that settle without cash. It also shows an “F” transaction for 823 shares at $225.4, a standard Form 4 code for a share disposition tied to an award event.
Post‑transaction holdings are 13,439 shares directly and 6,885 shares indirectly via a trust. The footnote outlines RSU release mechanics linked to service and the annual general meeting following the fiscal year ending June 27, 2025. Taken together, this looks administrative and does not alter the investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 3,427 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 3,427 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 823 | $225.40 | $186K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. Consists of a grant of restricted share units (RSUs) awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "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 will be released to the Reporting Person on the earlier of (i) one year from the date of grant and (ii) 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, provided such annual general meeting is at least fifty (50) weeks after the immediately preceding fiscal year's annual general meeting.
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