Seagate Technology (NASDAQ: STX) discloses CTO RSU vesting and tax withholding
Rhea-AI Filing Summary
Seagate Technology Holdings plc executive John C. Morris, EVP & CTO, reported equity compensation activity involving company ordinary shares and restricted share units. On 12/09/2025, RSUs granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan converted into ordinary shares in two transactions of 499 and 631 shares at an exercise price of $0 per share. In related transactions coded for tax withholding, 228 and 288 ordinary shares were disposed of at $282.86 per share to satisfy obligations. After these transactions, Morris directly beneficially owned 13,852 ordinary shares, and continued to hold additional RSUs subject to multi-year quarterly vesting schedules beginning on September 9, 2023 and September 9, 2025, conditioned on continuous employment.
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Insider Trade Summary
| 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 | $282.86 | $64K |
| Exercise | Ordinary Shares | 631 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 288 | $282.86 | $81K |
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 equity activity did Seagate Technology (STX) report for John C. Morris?
The EVP & CTO, John C. Morris, reported equity compensation activity on 12/09/2025 involving the vesting of restricted share units (RSUs) into ordinary shares and related share dispositions to cover tax obligations, all under Seagate Technology Holdings plc’s 2022 Equity Incentive Plan.
Under what plan were the Seagate (STX) RSUs granted to John C. Morris and how do they vest?
The RSUs were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. One grant vests over four years with one-quarter vesting on September 9, 2023 and the remainder in equal quarterly installments over the following three years. A second grant follows a similar four-year schedule, with one-quarter vesting on September 9, 2025 and the balance vesting quarterly thereafter, in each case subject to continuous employment.
What derivative holdings does John C. Morris retain after the reported Seagate (STX) RSU transactions?
After the 12/09/2025 RSU conversions, the report shows that John C. Morris continued to beneficially own RSUs representing 1,498 and 6,948 units under the 2022 Equity Incentive Plan, each linked to Seagate ordinary shares and subject to their stated vesting schedules.