Seagate (STX) EVP exercises 1,412 shares, sells at $288.98
Seagate Technology (STX) executive Ban Seng Teh reported option exercises and a same‑day sale.
Rhea-AI Filing Summary
Seagate Technology (STX) executive Ban Seng Teh reported option exercises and a same‑day sale. On 11/11/2025, he exercised nonqualified stock options for 533 Ordinary Shares at $68.83 and 879 Ordinary Shares at $64.31, then sold 1,412 Ordinary Shares at $288.98. Following these transactions, he beneficially owned 12,041 Ordinary Shares, held directly.
The filing notes the activity was effected under a Rule 10b5‑1 trading plan adopted on October 31, 2024. Derivative holdings reported after the transactions include 5,325 options (exercise price $68.83; expiration 09/09/2029) and 19,333 options (exercise price $64.31; expiration 09/11/2030), each tied to Ordinary Shares per the plan’s vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | NQ Options | 533 | $0.00 | $0.00 |
| Exercise | NQ Options | 879 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 533 | $68.83 | $37K |
| Exercise | Ordinary Shares | 879 | $64.31 | $57K |
| Sale | Ordinary Shares | 1,412 | $288.98 | $408K |
Footnotes (3)
- F1. The option exercise and sale of Ordinary Shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 2024.
- F2. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 9, 2023 and the remaining options vest in equal monthly installments over the 36 months following September 9, 2023.
- F3. Options granted to the Reporting Person under the Plan are subject to a four-year vesting schedule. One-quarter of the options vested on September 11, 2024 and the remaining options vest in equal monthly installments over the 36 months following September 11, 2024.
FAQ
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What insider transaction did Seagate (STX) disclose?
Was the Seagate (STX) trade under a 10b5‑1 plan?
What derivative securities remain after the transactions for STX?
What vesting schedules apply to the exercised Seagate (STX) options?
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