Seagate (STX) EVP & CTO executes 10b5-1 share sales and RSU exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CTO John Christopher Morris reported several equity transactions. On June 12, 2026, he sold a total of 1,364 Ordinary Shares in open-market transactions at an average price of $880.19 per share under a Rule 10b5-1 trading plan adopted on January 29, 2026. The day before, on June 11, 2026, he exercised 942 restricted share units into the same number of Ordinary Shares at $0.00 per share. After these transactions, he directly owns 12,088.25 Ordinary Shares and 4,710 restricted share units granted under the company’s 2022 Equity Incentive Plan, which vest quarterly over a total four-year period, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,364 shares ($1,200,579)
Net Sell
4 txns
Insider
Morris John Christopher
Role
EVP & CTO
Sold
1,364 shs ($1.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 466 | $880.19 | $410K |
| Sale | Ordinary Shares | 898 | $880.19 | $790K |
| Exercise | Restricted Share Unit | 942 | $0.00 | -- |
| Exercise | Ordinary Shares | 942 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 12,986.25 shares (Direct, null);
Restricted Share Unit — 4,710 shares (Direct, null)
Footnotes (1)
- These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on January 29, 2026. Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments over the following three years for a total vesting period of four years.
Key Figures
Shares sold: 1,364 shares
Sale price: $880.19 per share
RSUs exercised: 942 units
+5 more
8 metrics
Shares sold
1,364 shares
Ordinary Shares sold on June 12, 2026
Sale price
$880.19 per share
Average price for June 12, 2026 open-market sales
RSUs exercised
942 units
Restricted share units converted to Ordinary Shares on June 11, 2026
Exercise price
$0.00 per share
Price for RSU conversion to Ordinary Shares
Shares held after
12,088.25 shares
Direct Ordinary Share ownership following reported transactions
RSUs outstanding
4,710 units
Restricted share units remaining after June 11, 2026 transaction
Sales date
June 12, 2026
Date of open-market Ordinary Share sales
Plan adoption date
January 29, 2026
Adoption date of Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, restricted share unit, 2022 Equity Incentive Plan, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on January 29, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
What insider transactions did Seagate (STX) report for John Christopher Morris?
Seagate reported that EVP & CTO John Christopher Morris sold 1,364 Ordinary Shares and exercised 942 restricted share units into Ordinary Shares, reflecting both an equity grant vesting and a modest open-market sale.
Were the Seagate (STX) insider sales by John Christopher Morris pre-planned?
Yes. The Form 4 footnote states that the Ordinary Shares sold on June 12, 2026, were executed under a Rule 10b5-1 trading plan that he adopted on January 29, 2026, indicating the sales were pre-scheduled.