Seagate (STX) CFO sells shares after RSU vesting and exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & CFO Gianluca Romano reported routine equity transactions involving company ordinary shares. On June 9, 2026, he exercised restricted share units, acquiring 1,515 and 959 ordinary shares at a conversion price of 0.0000 per share through derivative exercises.
On June 10, 2026, Romano executed open-market sales of 827 and 523.5 ordinary shares at prices of 821.7706 and 821.7308 per share. After these transactions, he directly held 41,380.5 ordinary shares. The RSUs were granted under Seagate’s 2022 Equity Incentive Plan and vest over a four-year period, subject to his continuous employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,350.5 shares ($1,109,780)
Net Sell
6 txns
Insider
Romano Gianluca
Role
EVP & CFO
Sold
1,350.5 shs ($1.11M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 523.5 | $821.7308 | $430K |
| Sale | Ordinary Shares | 827 | $821.7706 | $680K |
| Exercise | Restricted Share Unit | 959 | $0.00 | -- |
| Exercise | Restricted Share Unit | 1,515 | $0.00 | -- |
| Exercise | Ordinary Shares | 959 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,515 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 41,380.5 shares (Direct, null);
Restricted Share Unit — 959 shares (Direct, null)
Footnotes (1)
- Consists of a grant of RSUs awarded to the Reporting Person under the Seagate Technology Holdings plc 2022 Equity Incentive Plan (the "2022 Plan"). Subject to the Reporting Person's continuous employment, such RSUs vested as to one-quarter of the shares on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the 2022 Plan. Subject to the Reporting Person's continuous employment one-quarter vested on September 9, 2025 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years.
Key Figures
Open-market sale 1: 827 shares at 821.7706 per share
Open-market sale 2: 523.5 shares at 821.7308 per share
Total shares sold: 1,350.5 shares
+4 more
7 metrics
Open-market sale 1
827 shares at 821.7706 per share
Ordinary Shares sold on June 10, 2026
Open-market sale 2
523.5 shares at 821.7308 per share
Ordinary Shares sold on June 10, 2026
Total shares sold
1,350.5 shares
Net sell shares in transaction summary
RSU-derived shares acquired
2,474 shares
Ordinary Shares from RSU exercises on June 9, 2026
Shares held after transactions
41,380.5 shares
Total ordinary shares directly owned after June 10, 2026 sale
RSU grant 1 size
1,515 RSUs
Restricted Share Units under 2022 Equity Incentive Plan
RSU grant 2 size
959 RSUs
Restricted Share Units under 2022 Equity Incentive Plan
Key Terms
Restricted Share Unit, 2022 Equity Incentive Plan, derivative exercise/conversion, open-market sale, +1 more
5 terms
2022 Equity Incentive Plan financial
"RSUs awarded under the Seagate Technology Holdings plc 2022 Equity Incentive Plan"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSU-related entries"
open-market sale financial
"transaction_action: "open-market sale" for ordinary share dispositions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vesting period of four years financial
"remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years"
FAQ
What insider transactions did Seagate (STX) CFO Gianluca Romano report?
Gianluca Romano reported exercising restricted share units into ordinary shares, then selling part of those shares in open-market trades. The filing shows derivative exercises on June 9, 2026 and open-market sales on June 10, 2026, all in Seagate ordinary shares.
What are Gianluca Romano’s Seagate (STX) holdings after these transactions?
Following the June 2026 transactions, Romano directly holds 41,380.5 Seagate ordinary shares. This figure appears in the total shares following transaction column for his final reported open-market sale on June 10, 2026, reflecting his updated direct ownership position.
Under which plan were the Seagate (STX) RSUs granted to the CFO?
The restricted share units were granted under the Seagate Technology Holdings plc 2022 Equity Incentive Plan. Footnotes explain that each RSU grant vests over four years, with one-quarter vesting on specified dates and the remainder vesting in equal quarterly installments, contingent on continued employment.
How do the RSU vesting terms work for Seagate (STX) CFO grants?
Each RSU grant vests over a four-year period, subject to continuous employment. One-quarter of the RSUs vests on a specified initial vesting date, with the remaining three-quarters vesting in equal quarterly installments over the following three years, according to the footnotes.