Seagate (NASDAQ: STX) EVP converts 989 RSUs into ordinary shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Seagate Technology Holdings plc EVP & Chief Commercial Officer Teh Ban Seng exercised 989 restricted share units into 989 ordinary shares. The RSUs were granted under the Seagate Technology plc 2022 Equity Incentive Plan and vest over four years, with one-quarter vesting on September 11, 2024 and the remainder in equal quarterly installments, subject to continued employment.
After this derivative exercise on March 11, 2026, Teh directly holds 11,248 ordinary shares and 5,934 restricted share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
989 shares exercised/converted
Mixed
2 txns
Insider
Teh Ban Seng
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 989 | $0.00 | -- |
| Exercise | Ordinary Shares | 989 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 5,934 shares (Direct);
Ordinary Shares — 11,248 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Seagate (STX) EVP Teh Ban Seng report on March 11, 2026?
Teh Ban Seng exercised 989 restricted share units into 989 ordinary shares on March 11, 2026. This was recorded as a derivative exercise transaction, not an open‑market purchase or sale, and reflects the vesting of prior equity awards rather than new market activity.
What is the vesting schedule for Teh Ban Seng’s Seagate (STX) RSU grant?
The RSU grant vests over four years, subject to continuous employment. One quarter vested starting on September 11, 2024, with the remaining units vesting in equal quarterly installments thereafter, as specified under the Seagate Technology plc 2022 Equity Incentive Plan.
Under which equity plan were Teh Ban Seng’s Seagate (STX) RSUs granted?
The restricted share units were granted under the Seagate Technology plc 2022 Equity Incentive Plan. This plan provides equity awards such as RSUs to executives, with vesting tied to ongoing employment and scheduled installments over a defined multi‑year period.