Seagate (STX) EVP & CTO exercises RSUs, uses 516 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CTO John Christopher Morris reported routine equity compensation activity involving restricted share units (RSUs). On March 9, 2026, he exercised RSUs covering 1,130 Ordinary Shares (499 and 631 shares) at a conversion price of $0.00 per share.
In connection with these vestings, a total of 516 Ordinary Shares were disposed of at $374.33 per share to cover tax obligations, coded as tax-withholding dispositions rather than open-market sales. Following these transactions, Morris directly holds 17,180 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,130 shares exercised/converted
Mixed
6 txns
Insider
Morris John Christopher
Role
EVP & CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 499 | $0.00 | -- |
| Exercise | Restricted Share Unit | 631 | $0.00 | -- |
| Exercise | Ordinary Shares | 499 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 228 | $374.33 | $85K |
| Exercise | Ordinary Shares | 631 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 288 | $374.33 | $108K |
Holdings After Transaction:
Restricted Share Unit — 999 shares (Direct);
Ordinary Shares — 17,065 shares (Direct)
Footnotes (1)
- Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment, one-quarter vested on September 9, 2025 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years.
FAQ
What insider transactions did Seagate (STX) EVP & CTO John Christopher Morris report?
John Christopher Morris exercised restricted share units into 1,130 Ordinary Shares and had 516 shares withheld to cover taxes. These transactions reflect routine equity compensation activity rather than discretionary open-market buying or selling.
Were the Seagate (STX) Morris Form 4 transactions open-market stock sales?
No, the Form 4 shows no open-market sales. The dispositions, totaling 516 Ordinary Shares at $374.33 per share, are coded as tax-withholding transactions related to RSU vesting, not discretionary selling into the market.
What does transaction code F mean in the Seagate (STX) Morris filing?
Transaction code F indicates shares used to pay tax liabilities or exercise costs. In this filing, 516 Ordinary Shares at $374.33 per share were disposed of to satisfy taxes on RSU vesting, not as voluntary market sales.
Which equity plan governs the RSUs in the Seagate (STX) Morris Form 4?
The RSUs were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Footnotes explain that each grant vests over a four-year period, with one-quarter vesting initially and the remainder in equal quarterly installments.