Seagate EVP sells 989 shares under preset plan
Seagate’s EVP & Chief Commercial Officer reported RSU vesting into shares followed by a pre-planned sale under a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) EVP & Chief Commercial Officer Teh Ban Seng reported an automatic vesting and related sale of shares. On September 11, 2026, 989 Restricted Share Units vested and were converted into 989 Ordinary Shares at $0.00 per share. On September 14, 2026, 989 Ordinary Shares were sold at $779.00 per share under a Rule 10b5-1 trading plan adopted on February 11, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
Sold
989 shs ($770K)
Approx. gross sale proceeds
$770K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1 | 989 | $779.00 | $770K |
| Exercise | Restricted Share Unit F2 | 989 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 989 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Unit — 3,956 contracts (Direct);
Ordinary Shares — 5,810 shares (Direct)
Footnotes (2)
- F1. These Ordinary Shares were sold under a Rule 10b5-1 trading plan adopted by the Reporting Person on February 11, 2026.
- F2. Consists of a grant of RSUs awarded to the reporting person under the Seagate Technology plc 2022 Equity Incentive Plan subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, one-quarter vested starting on September 11, 2024 and then in equal quarterly installments thereafter.
Key Figures
Shares sold: 989 shares
Sale price per share: $779.00 per share
RSUs converted: 989 units
+3 more
6 metrics
Shares sold
989 shares
Ordinary Shares sold on September 14, 2026
Sale price per share
$779.00 per share
Price for 989 Ordinary Shares sold on September 14, 2026
RSUs converted
989 units
Restricted Share Units converted into Ordinary Shares on September 11, 2026
Conversion price
$0.00 per share
RSUs converted into Ordinary Shares on September 11, 2026
RSUs held after transaction
3,956 units
Total RSUs following the September 11, 2026 RSU transaction
Rule 10b5-1 plan adoption date
February 11, 2026
Plan under which the September 14, 2026 sale was executed
Key Terms
Rule 10b5-1 trading plan, Restricted Share Unit, Equity Incentive Plan
3 terms
Rule 10b5-1 trading plan regulatory
"were sold under a Rule 10b5-1 trading plan adopted"
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.
Equity Incentive Plan financial
"under the Seagate Technology plc 2022 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Seagate (STX) report for EVP Teh Ban Seng?
Teh Ban Seng reported RSU vesting into shares and a subsequent sale. On September 11, 2026, 989 RSUs converted into 989 Ordinary Shares. On September 14, 2026, 989 Ordinary Shares were sold, all as disclosed in the Form 4.
Were the Seagate (STX) insider sales by Teh Ban Seng under a Rule 10b5-1 plan?
Yes. The 989 Ordinary Shares sold on September 14, 2026 were sold under a Rule 10b5-1 trading plan adopted by the reporting person on February 11, 2026, and the filing affirms transactions under such a plan.
What RSU activity did Seagate (STX) disclose for Teh Ban Seng?
On September 11, 2026, 989 Restricted Share Units granted under the Seagate Technology plc 2022 Equity Incentive Plan vested and were converted into 989 Ordinary Shares at a conversion price of $0.00 per share.
What is the vesting schedule of Teh Ban Seng’s Seagate (STX) RSU grant?
The RSU grant is subject to a four-year vesting schedule. One-quarter vested starting on September 11, 2024, with the remainder vesting in equal quarterly installments thereafter, contingent on the reporting person’s continuous employment.
How many RSUs did Teh Ban Seng hold after the September 11, 2026 Seagate (STX) transaction?
After the September 11, 2026 RSU vesting and conversion, the filing reports 3,956 Restricted Share Units as the total RSUs held by Teh Ban Seng following that transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.