STX Form 4: Mosley Vests 65,170 Performance Shares, Sells ~34.6k Shares
Rhea-AI Filing Summary
William D. Mosley, CEO and Director of Seagate Technology Holdings plc (STX), reported several equity transactions in a Form 4 filed for the period surrounding September 11–14, 2025. The filing shows awards and vesting of restricted share units and performance-based restricted share units, plus related disposals.
The report records acquisitions of 3,319 ordinary shares on 09/11/2025 and 65,170 ordinary shares on 09/14/2025, tied to restricted share units and performance share units that vested. Offsetting disposals total 34,609 shares (1,678 shares disposed at $196.81 on 09/11/2025 and 32,931 shares disposed at $195.99 on 09/14/2025). Following the reported transactions, Mosley beneficially owned 538,599 ordinary shares.
Positive
- Significant vesting of performance-based restricted share units: 65,170 shares vested on 09/14/2025 after performance conditions were met
- Increased beneficial ownership to 538,599 ordinary shares following the reported transactions
Negative
- Executed disposals of 34,609 shares (1,678 at $196.81 and 32,931 at $195.99), reducing immediately held shares
Insights
TL;DR: CEO received vesting of long-term equity awards while selling a portion of shares; ownership increased materially.
The filing documents routine compensation-related activity: restricted share units and performance-based restricted share units vested and converted into ordinary shares, increasing the reporting person's holdings to 538,599 shares. Concurrent disposals of 34,609 shares occurred at market prices near $196, consistent with typical post-vesting sales for liquidity or tax obligations. The Compensation Committee certified performance conditions for a majority of the 2022 grant, resulting in 65,170 vested shares.
TL;DR: Material vesting added 65,170 shares; net position rose, while planned sales reduced a portion of the new shares.
From an investor-disclosure perspective, the transaction mix is significant in size but aligned with equity compensation mechanics: a large tranche of performance share units vested on 09/14/2025, adding 65,170 shares to beneficial ownership. Sales of ~34.6k shares were executed at ~$196 per share on two dates, leaving a higher post-transaction holding. This filing is informative about executive compensation realization but contains no indication of change in corporate control or extraordinary events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Share Units | 65,170 | $0.00 | -- |
| Exercise | Performance-Based Restricted Share Units | 65,170 | $0.00 | -- |
| Exercise | Ordinary Shares | 65,170 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 32,931 | $195.99 | $6.45M |
| Exercise | Restricted Share Unit | 3,319 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,319 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,678 | $196.81 | $330K |
Footnotes (1)
- Consists of a grant of restricted share units awarded to the reporting person under the Seagate Technology 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. On September 14, 2025, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 65,170 of the 75,045 Performance Share Units granted on September 9, 2022. The 65,170 Ordinary Shares vested on September 14, 2025.
FAQ
What transactions did William D. Mosley report on Form 4 for STX?
Were any derivative securities reported on the Form 4?
Who signed the Form 4 and when was it filed?