Seagate (STX) EVP James C. Lee Awarded Options and RSUs on 08/20/2025
Rhea-AI Filing Summary
James C. Lee, EVP & CLO of Seagate Technology Holdings plc (STX) received equity awards on 08/20/2025: a non-qualified stock option for 16,128 ordinary shares with an exercise price of $158.40 and an expiration date of 08/20/2032, and restricted share units (RSUs) totaling 13,456 ordinary shares across three grants (6,048; 5,698; 1,710). Following these grants, Mr. Lee beneficially owns 16,128 shares underlying the option and 13,456 RSUs, all reported as direct ownership. The option and one RSU grant vest over four years with 25% vesting on 08/20/2026 and remaining portions vesting monthly or quarterly per the plan; a separate RSU grant vests 100% on 08/20/2026. The form was signed by an attorney-in-fact on 08/22/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Equity grants align executive pay with long-term performance via multi-year vesting; no sales or disposals reported.
The grants comprise a standard NQ stock option and multiple RSU awards under the 2022 Equity Incentive Plan, with vesting schedules that promote retention through August 2026 and beyond. The option exercise price of $158.40 establishes the strike for potential future equity upside. All reported holdings are direct and no dispositions were disclosed, so immediate dilution or insider selling impact is not evident from this filing.
TL;DR: This Form 4 documents routine executive equity grants rather than material corporate actions.
The disclosure shows grants intended for retention and incentive alignment rather than compensation changes or transactions that transfer shares out of insider control. Vesting terms are explicitly tied to continued employment, and the filing includes the attorney-in-fact signature dated 08/22/2025, satisfying Section 16 reporting requirements. No governance concerns or unusual terms are apparent from the text provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | NQ Stock Option | 16,128 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 6,048 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 5,698 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 1,710 | $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.
