STX Form 4: Gianluca Romano Receives Options ($158.40) and RSUs with Multi-Year Vesting
Rhea-AI Filing Summary
Gianluca Romano, Seagate Technology Holdings plc EVP & CFO, received equity awards on August 20, 2025. The filings show a grant of 53,756 non-qualified stock options with an exercise price of $158.40 and an August 20, 2032 expiration, plus 32,026 restricted share units (RSUs) delivered in three tranches (20,158; 9,129; 2,739). The options and RSUs are subject to time-based vesting: 25% of the option grant vests on August 20, 2026 with the remainder vesting monthly over the next three years; one RSU tranche vests 25% on August 20, 2026 then quarterly thereafter, and two RSU tranches vest 100% on the first anniversary (August 20, 2026). All holdings reported are direct.
Positive
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Negative
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Insights
TL;DR: Executive equity awards align pay with long-term performance but are time-vested, retaining talent through 2026–2029.
The reported grant combines 53,756 NQ options at $158.40 and 32,026 RSUs across three tranches, all subject to multi-year vesting schedules. The option expiry in 2032 and staggered RSU vesting create multi-year retention incentives. The structure—25% cliff followed by monthly or quarterly vesting—is consistent with standard executive compensation practices intended to tie realized value to share-price performance over time.
TL;DR: Form 4 discloses a routine insider grant; reporting appears complete and timely.
The Form 4 shows the transactions dated 08/20/2025 and the filing signature dated 08/22/2025. All securities are reported as direct ownership and the types—NQ stock options and RSUs—are specified with exercise price, amounts, and vesting descriptions included in the explanatory footnotes. There are no dispositions or other transactions disclosed on this form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | NQ Stock Option | 53,756 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 20,158 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 9,129 | $0.00 | -- |
| Grant/Award | Restricted Share Unit | 2,739 | $0.00 | -- |
Footnotes (1)
- Options granted to the Reporting Person under the Seagate Technology plc 2022 Equity Incentive Plan the ("Plan") are subject to a four-year vesting schedule. Subject to continuous employment, 25% shall vest on August 20, 2026 and the remaining portion shall vest in equal monthly installments over the following three years for a total vesting period of four years. Consists of a grant of Restricted Share Unit (RSU) awarded to the Reporting Person under the Plan, subject to a four-year vesting schedule. Subject to the Reporting Person's continuous employment, such RSUs vest as to one-quarter of the shares on August 20, 2026 and then in equal quarterly installments thereafter. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, 100% of such RSUs will vest on the first anniversary of the grant date, August 20, 2026.
