Seagate EVP exercises 678 RSUs into shares
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
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Negative
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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 Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 678 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 678 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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
Key Terms
2022 Equity Incentive Plan financial
Exercise or conversion of derivative security financial
FAQ
What insider transaction did Seagate (STX) EVP Chong Kian Fatt report?
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AI-generated analysis. How Rhea-AI works. Not financial advice.