Seagate (STX) EVP reports 5,846-share sale after PSU vesting
Rhea-AI Filing Summary
Seagate Technology Holdings plc executive Chong Kian Fatt reported a combination of equity vesting and share sales. On February 20, 2026, 4,427 Performance-Based Restricted Share Units were converted into 4,427 Ordinary Shares at a stated price of $0.00 per share after performance conditions were certified as met. On February 23, 2026, he executed an open-market sale of 5,846 Ordinary Shares at a weighted average price of $416.4797 per share in multiple trades, leaving 0 Ordinary Shares held directly after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Chong Kian Fatt
Role
EVP Global Operations
Sold
5,846 shs ($2.43M)
Approx. gross sale proceeds
$2.43M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 5,846 | $416.4797 | $2.43M |
| Exercise | Performance-Based Restricted Share Units | 4,427 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 4,427 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Restricted Share Units — 0 shares (Direct);
Ordinary Shares — 0 shares (Direct)
Footnotes (3)
- F1. Includes 161 Ordinary Shares purchased by Reporting Person on January 31, 2026 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- F2. These Ordinary Shares were sold in multiple trades at prices ranging from $416.47 to $416.48. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F3. On January 24, 2026 the Compensation and People Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to the 4,427 Performance Share Units granted on February 20, 2024. The 4,427 Ordinary Shares vested on February 20, 2026.
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FAQ
What insider transaction did Seagate (STX) EVP Chong Kian Fatt report?
Seagate EVP Chong Kian Fatt reported an open-market sale of 5,846 Ordinary Shares. The transaction followed the vesting and conversion of 4,427 performance-based restricted share units into Ordinary Shares upon satisfaction of performance conditions determined by the Compensation and People Committee.