Seagate (STX) CEO reports ~$10M share sale to an exchange fund
Rhea-AI Filing Summary
Seagate Technology Holdings plc CEO William D. Mosley reported a sale of 24,584 ordinary shares on March 19, 2026. The transaction, coded as an open-market sale, is described in the notes as a contribution of Seagate securities to an exchange fund in return for an interest in that fund.
The contributed shares had an aggregate value of approximately $10,000,000, based on the closing stock price of the company’s common stock on March 18, 2026. Following this transaction, Mosley directly holds 375,591 Seagate ordinary shares, indicating he retains a substantial equity position in the company.
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Insights
CEO shifts ~$10M in Seagate shares into an exchange fund, modestly trimming holdings.
The CEO of Seagate Technology Holdings plc, William D. Mosley, reported a disposition of 24,584 ordinary shares. While coded as an open-market sale for Section 16 purposes, the footnote explains the shares were contributed to an exchange fund in exchange for an interest in that fund, effectively diversifying personal exposure.
The contributed shares were valued at approximately $10,000,000, using the March 18, 2026 closing stock price. After the transaction, Mosley still directly owns 375,591 shares, so the move represents a relatively small portion of his visible stake and looks more like personal portfolio management than a major shift in alignment with shareholders.
FAQ
What insider transaction did Seagate (STX) report for CEO William D. Mosley?
How large was the Seagate (STX) CEO’s recent share transaction in dollar terms?
How many Seagate (STX) shares does CEO William D. Mosley hold after this Form 4?
Was the Seagate (STX) CEO’s transaction a normal sale or an exchange fund contribution?
What is the significance of the March 18, 2026 date in Seagate (STX) CEO’s Form 4?
Does the Seagate (STX) CEO’s $10M share disposition indicate he is exiting his position?