Seagate (NASDAQ: STX) grants Chong Kian Fatt RSUs and 3,788 options
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported equity compensation changes for EVP Global Operations Chong Kian Fatt on August 20, 2026. He exercised or converted previously granted restricted share units into a total of 6,846 Ordinary Shares. He also received new grants of restricted share units covering 1,420, 1,036 and 311 shares, and a grant of 3,788 NQ stock options with an exercise price of 850.2400 per share expiring on August 20, 2033. The RSU and option awards vest over four-year and one-year schedules, in each case subject to his continuous employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,846 shares
Net Buy
10 txns
Insider
Chong Kian Fatt
Role
EVP Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit F1 | 1,310 | $0.00 | $0.00 |
| Exercise | Restricted Share Unit F2 | 4,258 | $0.00 | $0.00 |
| Exercise | Restricted Share Unit F2 | 1,278 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit F3 | 1,420 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit F4 | 1,036 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit F4 | 311 | $0.00 | $0.00 |
| Grant/Award | NQ Stock Option F5 | 3,788 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,310 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 4,258 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,278 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Unit — 6,698 shares (Direct);
NQ Stock Option — 3,788 shares (Direct);
Ordinary Shares — 9,364 shares (Direct)
Footnotes (5)
- F1. Consists of a grant of Restricted Share Unit (RSU) awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 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.
- F2. 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 vested on the first anniversary of the grant date, August 20, 2026.
- F3. Consists of a grant of RSUs 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, 2027 and then in equal quarterly installments thereafter.
- F4. 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, 2027.
- F5. Consists of Options awarded to the Reporting Person under the Plan subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, such Options vest as to one-quarter of the shares on August 20, 2027 and the remaining portion shall vest in equal monthly installments over the following three years for a total vesting period of four years.
Key Figures
RSU exercises into Ordinary Shares: 6846 shares
New RSU grant 1: 1420 shares
New RSU grant 2: 1036 shares
+4 more
7 metrics
RSU exercises into Ordinary Shares
6846 shares
Total derivative exercises (M-code transactions) on August 20, 2026
New RSU grant 1
1420 shares
RSUs vesting quarterly over four years starting August 20, 2027
New RSU grant 2
1036 shares
RSUs vesting 100% on August 20, 2027, subject to continuous employment
New RSU grant 3
311 shares
RSUs vesting 100% on August 20, 2027, subject to continuous employment
NQ Stock Option grant
3788 options
Options on Ordinary Shares granted August 20, 2026
Option exercise price
850.2400 per share
Exercise price for 3,788 NQ stock options
Option expiration date
2033-08-20
Expiration for NQ stock options granted to Chong Kian Fatt
Key Terms
Restricted Share Unit, NQ Stock Option, 2022 Equity Incentive Plan, vesting schedule
4 terms
NQ Stock Option financial
"Consists of Options awarded to the Reporting Person under the Plan subject"
2022 Equity Incentive Plan financial
"under the Seagate Technology Holdings plc 2022 Equity Incentive Plan"
vesting schedule financial
"under the Plan subject to a four-year vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What insider transactions did Seagate (STX) report for Chong Kian Fatt on August 20, 2026?
On August 20, 2026, Seagate reported that Chong Kian Fatt exercised restricted share units into 6,846 Ordinary Shares and received new grants of RSUs and NQ stock options as part of his equity compensation.
What new RSU awards did Chong Kian Fatt receive from Seagate (STX)?
Chong Kian Fatt received new restricted share unit awards for 1,420, 1,036, and 311 underlying Ordinary Shares, subject to four-year and one-year vesting schedules tied to his continuous employment.
What are the terms of Chong Kian Fatt’s new Seagate (STX) stock options?
He received 3,788 NQ stock options with an exercise price of 850.2400 per share, expiring on August 20, 2033. These options vest over four years, beginning with one-quarter on August 20, 2027, then monthly installments.
Under which plan were Chong Kian Fatt’s Seagate (STX) equity awards granted?
The equity awards reported for Chong Kian Fatt were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan, which provides for RSU and option grants with specified vesting schedules conditioned on continuous employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
