Seagate (STX) Director Sells 750 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Yolanda Lee Conyers, a director of Seagate Technology Holdings plc (STX), reported sales of ordinary shares executed on 09/02/2025 under a Rule 10b5-1 trading plan adopted on June 5, 2024. The Form 4 discloses three groups of sales: 74 shares at a weighted average price of $164.64, 333 shares at $168.4789, and 343 shares at $170.0077. The filer certifies the transactions were effected under the trading plan and offers to provide detailed trade-level prices and quantities upon request. The form was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine insider sales under a pre-established 10b5-1 plan; signals no immediate undisclosed company-specific material event.
The filings show structured disposals of common stock in three tranches with precise weighted-average prices documented. Because the sales were made pursuant to a Rule 10b5-1 plan adopted in June 2024, they reflect pre-authorized transactions rather than opportunistic trades tied to contemporaneous private information. The disclosed weighted-average prices provide transparency into execution levels. Absent additional filings or material company disclosures, these transactions appear routine and unlikely to be material by themselves.
TL;DR Proper disclosure and use of a 10b5-1 plan demonstrate compliance with insider-trading protocols.
The Form 4 clearly identifies the reporting person as a director and states the trades were effected under a Rule 10b5-1 trading plan, satisfying standard governance and disclosure practices. The filer also commits to provide detailed trade-level information on request, which supports transparency. These elements reduce governance concerns associated with insider transactions, though repeated or large-scale sales over time would warrant closer monitoring.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 74 | $164.64 | $12K |
| Sale | Ordinary Shares | 333 | $168.4789 | $56K |
| Sale | Ordinary Shares | 343 | $170.0077 | $58K |
Footnotes (4)
- F1. All transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2024.
- F2. These Ordinary Shares were sold in multiple trades at prices ranging from $164.36 to $164.92. 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. These Ordinary Shares were sold in multiple trades at prices ranging from $168.04 to $168.90. 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.
- F4. These Ordinary Shares were sold in multiple trades at prices ranging from $169.93 to $170.45. 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.
FAQ
What did Yolanda Lee Conyers report on Form 4 for STX?
Were the insider trades executed under a 10b5-1 plan?
Will more detailed execution prices be provided?
Who signed the Form 4?
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