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Seagate (NASDAQ: STX) EVP converts 678 RSUs into 678 ordinary shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Seagate Technology Holdings plc executive Chong Kian Fatt exercised restricted share units into ordinary shares in a routine compensation-related move. On June 11, 2026, he converted 678 Restricted Share Units into 678 Ordinary Shares, with no sale of stock reported.

The Restricted Share Units were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan and vest over four years, with one-quarter vesting starting on September 11, 2024 and the remainder in equal quarterly installments. Following the transaction, Chong directly holds 2,518 Ordinary Shares and 3,392 Restricted Share Units.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting and share issuance with no open-market trading.

EVP Global Operations Chong Kian Fatt converted 678 Restricted Share Units into an equal number of Ordinary Shares at a stated price of $0.0000 per share. This reflects RSUs vesting under the company’s 2022 Equity Incentive Plan, not a discretionary market trade.

The filing shows no sales, tax withholdings, or remaining derivative awards in the derivativeSummary. After the transaction, he holds 2,518 Ordinary Shares and 3,392 RSUs, indicating a continuing equity stake. The activity appears to be standard compensation vesting rather than a signal-driven buy or sell decision.

Insider Chong Kian Fatt
Role EVP Global Operations
Type Security Shares Price Value
Exercise Restricted Share Unit 678 $0.00 --
Exercise Ordinary Shares 678 $0.00 --
Holdings After Transaction: Restricted Share Unit — 3,392 shares (Direct, null); Ordinary Shares — 2,518 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs exercised 678 units Restricted Share Units converted into Ordinary Shares on June 11, 2026
Ordinary Shares acquired 678 shares Issued upon RSU conversion on June 11, 2026
Shares held after 2,518 shares Total Ordinary Shares directly owned after the transaction
RSUs remaining 3,392 units Restricted Share Units outstanding after the exercise
Exercise price per share $0.0000/share Stated transaction price for RSU conversion
Vesting start date September 11, 2024 First vesting date for the four-year RSU schedule
Restricted Share Unit financial
"Consists of a grant of restricted share unit awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan."
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
2022 Equity Incentive Plan financial
"Awarded to the reporting person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan."
Exercise or conversion of derivative security financial
"Transaction code M with description Exercise or conversion of derivative security."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Chong Kian Fatt
(Last)(First)(Middle)
SEAGATE TECHNOLOGY PLC
47488 KATO ROAD
(Street)
FREMONT CALIFORNIA 94538
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Seagate Technology Holdings plc [ STX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP Global Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares06/11/2026M678A$02,518D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Unit$006/11/2026M678 (1) (1)Ordinary Shares678$03,392D
Explanation of Responses:
1. 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.
Remarks:
/s/ Louis J. Thorson, Attorney-in-Fact for Kian Fatt Chong06/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Seagate (STX) EVP Chong Kian Fatt report?

He reported exercising 678 Restricted Share Units into 678 Ordinary Shares. This was coded as an option or derivative exercise, with no open-market purchase or sale disclosed, reflecting routine equity compensation vesting rather than a discretionary stock trade.

Did Seagate (STX) executive Chong Kian Fatt sell any shares in this Form 4?

No shares were sold in this Form 4. The filing shows an exercise of 678 Restricted Share Units into 678 Ordinary Shares, with no sale, tax withholding disposition, or gift transactions reported, indicating only a conversion of previously granted equity awards.

How many Seagate (STX) Ordinary Shares does Chong Kian Fatt hold after the transaction?

After the transaction, Chong Kian Fatt directly holds 2,518 Ordinary Shares. This reflects his position following the conversion of 678 Restricted Share Units into Ordinary Shares, as disclosed in the non-derivative holdings section of the Form 4 filing.

How many Restricted Share Units does the Seagate (STX) EVP still hold?

Following the reported exercise, he holds 3,392 Restricted Share Units. These RSUs were granted under Seagate Technology Holdings plc’s 2022 Equity Incentive Plan and continue to vest in quarterly installments over a total four-year vesting period, subject to ongoing employment.

What is the vesting schedule of Chong Kian Fatt’s Seagate (STX) RSU grant?

The RSUs vest over four years. One-quarter vested starting on September 11, 2024, with the remaining three-quarters vesting in equal quarterly installments over the following three years, contingent on the executive’s continuous employment with Seagate Technology Holdings plc.

Was the Seagate (STX) Form 4 transaction a market buy or sell?

It was neither a market buy nor a sell. The Form 4 uses transaction code M, indicating an exercise or conversion of a derivative security, specifically 678 Restricted Share Units converting into 678 Ordinary Shares, with no open-market transaction amount reported.