Seagate (STX) EVP & CTO logs RSU exercises and 573.75-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CTO John Christopher Morris reported RSU vesting and related share sales. On June 9, he exercised restricted share units to acquire a total of 1,130 Ordinary Shares at a conversion price of 0.0000, in connection with grants under the 2022 Equity Incentive Plan that vest over four years.
On June 10, he sold 573.75 Ordinary Shares in open-market transactions at prices between 821.6535 and 821.6642 per share. Following these transactions, he holds 12,199 Ordinary Shares directly, along with remaining unvested RSUs scheduled to continue vesting subject to his continuous employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 573.75 shares ($471,426)
Net Sell
6 txns
Insider
Morris John Christopher
Role
EVP & CTO
Sold
573.75 shs ($471K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 254 | $821.6642 | $209K |
| Sale | Ordinary Shares | 319.75 | $821.6535 | $263K |
| Exercise | Restricted Share Unit | 499 | $0.00 | -- |
| Exercise | Restricted Share Unit | 631 | $0.00 | -- |
| Exercise | Ordinary Shares | 499 | $0.00 | -- |
| Exercise | Ordinary Shares | 631 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 12,199 shares (Direct, null);
Restricted Share Unit — 500 shares (Direct, null)
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.
Key Figures
Shares sold: 573.75 shares
Sale prices: 821.6535–821.6642 per share
Shares acquired via RSUs: 1,130 shares
+3 more
6 metrics
Shares sold
573.75 shares
Ordinary Shares sold in open market on June 10, 2026
Sale prices
821.6535–821.6642 per share
Ordinary Share open-market sale prices on June 10, 2026
Shares acquired via RSUs
1,130 shares
Ordinary Shares from RSU exercises on June 9, 2026
Shares held after transactions
12,199 shares
Direct Ordinary Share holdings after June 10, 2026 sales
RSUs remaining grant 1
5,686 units
Restricted Share Units remaining after 631-unit exercise (grant F1)
RSUs remaining grant 2
500 units
Restricted Share Units remaining after 499-unit exercise (grant F2)
Key Terms
Restricted Share Unit, 2022 Equity Incentive Plan, open-market sale, Exercise or conversion of derivative security, +1 more
5 terms
2022 Equity Incentive Plan financial
"awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan"
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
vesting period of four years financial
"for a total vesting period of four years"
FAQ
What did Seagate (STX) EVP & CTO John Christopher Morris report in this Form 4?
He reported RSU vesting and related share sales. Morris exercised restricted share units into 1,130 Ordinary Shares and then sold 573.75 Ordinary Shares in open-market transactions, updating his direct ownership position at Seagate Technology Holdings plc.
What are the terms of the Seagate (STX) RSU grants reported for John Christopher Morris?
The RSU grants were made under Seagate’s 2022 Equity Incentive Plan. According to the disclosure, each grant vests over four years, with one-quarter vesting on a specified September 9 date and the remainder vesting in equal quarterly installments, subject to continuous employment.
Does John Christopher Morris still hold unvested RSUs in Seagate (STX)?
Yes. After exercising some Restricted Share Units, he continues to hold additional RSUs under the 2022 Plan. These unvested units are scheduled to vest in equal quarterly installments over the remaining four-year vesting schedules, assuming he remains continuously employed.