Seagate EVP sells 573.75 shares after RSU exercise
Seagate Technology Holdings plc EVP & CTO John Christopher Morris reported RSU vesting and related share sales.
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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.
Insider Trade Summary
| 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 | $0.00 |
| Exercise | Restricted Share Unit | 631 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 499 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 631 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
2022 Equity Incentive Plan financial
open-market sale financial
Exercise or conversion of derivative security financial
vesting period of four years financial
FAQ
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What did Seagate (STX) EVP & CTO John Christopher Morris report in this Form 4?
What are the terms of the Seagate (STX) RSU grants reported for John Christopher Morris?
Does John Christopher Morris still hold unvested RSUs in Seagate (STX)?
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