Seagate EVP & CTO exercises RSUs, pays taxes in stock
Seagate Technology Holdings plc EVP & CTO John Christopher Morris reported routine equity compensation activity involving restricted share units (RSUs).
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 499 | $0.00 | $0.00 |
| Exercise | Restricted Share Unit | 631 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 499 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 228 | $374.33 | $85K |
| Exercise | Ordinary Shares | 631 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 288 | $374.33 | $108K |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transactions did Seagate (STX) EVP & CTO John Christopher Morris report?
Were the Seagate (STX) Morris Form 4 transactions open-market stock sales?
What does transaction code F mean in the Seagate (STX) Morris filing?
Which equity plan governs the RSUs in the Seagate (STX) Morris Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.