Seagate (STX) EVP & CLO exercises RSUs as 540 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CLO Lee James CI reported routine equity compensation activity on April 22, 2026. He exercised restricted share units into 1,237 Ordinary Shares, and 540 shares were withheld to cover tax obligations. Following these transactions, he holds 1,561 Ordinary Shares directly and 11,139 restricted share units, each RSU representing the right to receive one Ordinary Share. These movements reflect vesting and tax withholding mechanics rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,237 shares exercised/converted
Mixed
3 txns
Insider
Lee James CI
Role
EVP & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 1,237 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,237 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 540 | $579.88 | $313K |
Holdings After Transaction:
Restricted Share Unit — 11,139 shares (Direct, null);
Ordinary Shares — 1,561 shares (Direct, null)
Footnotes (1)
- Includes 67 Ordinary Shares purchased by Reporting Person on January 31, 2026 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. Each restricted share unit ("RSU") represents a contingent right to receive one Ordinary Share of the Issuer. Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Such RSUs vested as to one-quarter of the shares on July 22, 2025 and then in equal quarterly installments thereafter.
Key Figures
Tax-withholding shares: 540 shares
RSUs exercised: 1,237 shares
Post-transaction holdings: 1,561 Ordinary Shares
+2 more
5 metrics
Tax-withholding shares
540 shares
Ordinary Shares withheld to cover tax liability on April 22, 2026
RSUs exercised
1,237 shares
Restricted share units converted into Ordinary Shares on April 22, 2026
Post-transaction holdings
1,561 Ordinary Shares
Direct ownership following reported transactions
RSU balance
11,139 RSUs
Restricted share units outstanding after the exercise
Tax-withholding reference price
$579.88 per share
Price per share used for 540-share tax-withholding disposition
Key Terms
Restricted Share Unit, Employee Stock Purchase Plan, Rule 16b-3, Equity Incentive Plan
4 terms
Employee Stock Purchase Plan financial
"Includes 67 Ordinary Shares purchased ... under the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3 regulatory
"Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Equity Incentive Plan financial
"grant of RSUs awarded ... under the Seagate Technology Holdings plc 2022 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What did Seagate (STX) EVP & CLO Lee James CI report in this Form 4?
Lee James CI reported routine equity compensation activity. He exercised 1,237 restricted share units into Ordinary Shares, with 540 shares withheld to cover tax obligations, reflecting standard vesting and tax processes rather than discretionary open-market trading.
Was the Seagate (STX) equity activity for Lee James CI part of an employee plan?
Yes. The Form 4 notes RSUs granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan and also references shares acquired through an Employee Stock Purchase Plan, both of which are structured employee equity compensation programs.