Seagate CEO sells 97,889.25 shares for taxes
Seagate’s CEO had performance units vest into ordinary shares, with part of the shares sold to cover tax withholding obligations.
Rhea-AI Filing Summary
Seagate Technology Holdings plc (STX) reported that CEO and director William D. Mosley had performance-based restricted share units granted on September 11, 2023 vest on September 14, 2026 and settle into 177,000 Ordinary Shares following certification of the applicable performance conditions by the Compensation and People Committee. On September 15, 2026, Mosley then sold 97,889.25 Ordinary Shares at $772.1432 per share in sales made pursuant to an issuer-mandated sell-to-cover arrangement solely to satisfy tax withholding obligations.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F2 | 97,889.25 | $772.1432 | $75.58M |
| Exercise | Performance-Based Restricted Share Units F3 | 177,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 177,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents Ordinary Shares issued upon the vesting and settlement of Performance Share Units granted on September 11, 2023, following certification by the Compensation and People Committee of the achievement of the applicable performance conditions.
- F2. Represents sales made pursuant to Issuer mandated sell-to-cover solely to satisfy tax withholding obligations.
- F3. Performance Share Units granted on September 11, 2023 vested and were settled in Ordinary Shares upon certification of the applicable performance conditions by the Compensation and People Committee.
Key Figures
Key Terms
issuer mandated sell-to-cover financial
tax withholding obligations financial
Compensation and People Committee financial
FAQ
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