[Form 4] Seagate Technology Holdings PLC Insider Trading Activity
Rhea-AI Filing Summary
Teh Ban Seng, EVP & Chief Commercial Officer of Seagate Technology Holdings plc (STX), reported multiple restricted share unit vestings on September 9, 2025 that converted to ordinary shares and a subsequent sale on September 10, 2025. The Form 4 shows vesting-related acquisitions of 1,408, 599, 2,652, and 1,165 ordinary shares from RSUs and a disposal of 6,781 ordinary shares sold at a weighted-average price of $191.53. The filing lists the reporter's resulting beneficial ownership at various line items, with the largest post-transaction total shown as 11,971 shares in one line and other totals shown per transaction line.
Positive
- Multiple RSU grants vested on September 9, 2025 showing compensation plan execution
- Full disclosure of weighted-average sale price ($191.53) for the sold shares and undertaking to provide trade details upon request
Negative
- Insider sale of 6,781 shares on September 10, 2025 which reduced direct holdings reported
- No contextual explanation in the filing for the sale beyond price disclosure (e.g., tax or personal reasons not stated)
Insights
TL;DR Routine RSU vestings and an insider sale; transaction size is modest relative to public float and appears administrative.
The filing documents scheduled vesting of multiple RSU grants on September 9, 2025 and a sale of 6,781 ordinary shares on September 10, 2025 at a weighted-average price of $191.53. These actions are reported under Form 4 as required and include post-transaction beneficial ownership amounts by line. There is no disclosure here of additional transfers, hedging arrangements, or changes in employment status beyond the vesting conditions referenced in the explanations.
TL;DR Disclosure aligns with Section 16 requirements; transactions appear to reflect scheduled compensation vesting.
The explanations reference standard RSU vesting schedules under the company equity plan, including one grant that vested 100% on the first anniversary and others that vest over four years. The Form 4 is signed by an attorney-in-fact and provides a weighted-average sale price for the disclosed sale. No governance red flags, amendments, or corrective disclosures are present in the filing text provided.