STOCK TITAN

Insider Award: STX director receives 470 restricted share units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Seagate Technology Holdings plc (STX) director Thomas A. Szlosek received a grant of 470 restricted share units (RSUs) on 08/23/2025 under the 2022 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to one ordinary share. Subject to Szlosek's continuous service, the underlying shares will be released on the date of the next annual general meeting of shareholders following the fiscal year ending June 27, 2025. Following the award, the reporting person beneficially owns 470 ordinary shares attributable to these RSUs; the transaction was reported on Form 4 with an 08/26/2025 signature by attorney-in-fact.

Positive

  • 470 RSUs were granted for no cash consideration, clearly disclosed in the filing
  • Each RSU converts to one ordinary share, and the release schedule is specified (post fiscal year-end annual meeting)
  • Form 4 reports beneficial ownership following the grant, meeting SEC disclosure requirements

Negative

  • None.

Insights

TL;DR: Director received standard RSU award with service-based vesting, a routine governance disclosure.

The filing documents a non-cash grant of 470 RSUs to a director under the companys 2022 Equity Incentive Plan. The RSUs convert one-for-one to ordinary shares and vest contingent on continuous service, with release at the next annual meeting after the fiscal year end June 27, 2025. This is a customary director compensation mechanism aligning long-term interests with shareholders while requiring ongoing service. The Form 4 properly discloses the award date, amount, ownership following grant, and signature.

TL;DR: Transaction is a routine equity award with no cash exercise price and limited immediate market impact.

The submission shows an award of 470 restricted share units at $0 consideration, representing contingent rights to 470 ordinary shares. The report specifies the transaction date (08/23/2025), reporting of beneficial ownership post-transaction (470 shares), and the mechanics for share release tied to the next annual general meeting following the fiscal year end. For investors, this is a transparent disclosure of insider compensation activity without explicit financial terms beyond the zero purchase price.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Szlosek Thomas A

(Last) (First) (Middle)
47488 KATO RD

(Street)
FREMONT CA 94538

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Unit $0 08/23/2025 A 470 (1) (1) Ordinary Shares 470 $0 470 D
Explanation of Responses:
1. Consists of a grant of restricted share units (RSUs) awarded to the Reporting Person on August 23, 2025 under the Seagate Technology Holdings plc 2022 Equity Incentive Plan for no consideration. Each RSU represents a contingent right to receive one Ordinary Share of the Issuer. Subject to the Reporting Person's continuous service with the Issuer, shares will be released to the Reporting Person on the date of the next annual general meeting of shareholders of the Issuer following the end of the fiscal year ending on June 27, 2025.
Remarks:
/s/ Louis J. Thorson, Attorney-in-fact for Thomas Szlosek 08/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Thomas A. Szlosek receive according to the Form 4 for STX?

He received a grant of 470 restricted share units (RSUs) on 08/23/2025, each representing a right to one ordinary share.

When will the RSUs awarded to the director vest or be released?

Shares will be released on the date of the next annual general meeting of shareholders following the fiscal year ending June 27, 2025, subject to continuous service.

Was any purchase price paid for the RSUs in the Form 4?

No. The filing states the RSUs were awarded for no consideration and the price is listed as $0.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 reports 470 ordinary shares beneficially owned following the reported transaction.

Under which plan were the RSUs granted?

The RSUs were awarded under the Seagate Technology Holdings plc 2022 Equity Incentive Plan.
Seagate Technology Hldngs Plc

NASDAQ:STX

STX Rankings

STX Latest News

STX Latest SEC Filings

STX Stock Data

69.79B
212.84M
0.33%
95.64%
8.47%
Computer Hardware
Computer Storage Devices
Link
Singapore
SINGAPORE