STX Insider Report: Romano's RSU Vesting and $191.59 Share Sales
Rhea-AI Filing Summary
Gianluca Romano, EVP & CFO of Seagate Technology Holdings plc, reported multiple equity transactions on 09/09/2025. The filing shows a combination of restricted share units (RSUs) that vested and ordinary shares sold. Total RSU awards vested and converted into 13,072 ordinary shares via several vesting events and an additional 114 shares were purchased under the company ESPP on 07/31/2025 (exempt under Rule 16b-3). On the same date Romano disposed of 6,608 ordinary shares at $191.59 per share. Following the reported transactions, Romano beneficially owned 45,971 ordinary shares, held directly.
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Insights
TL;DR: Insider reported routine RSU vesting plus share sales; holdings remain material but transactions appear standard compensation-related activity.
The Form 4 details multiple RSU vesting events that resulted in 13,072 ordinary shares being delivered and an ESPP purchase of 114 shares exempt under Rule 16b-3. Offsetting those vested/acquired shares, the reporting person sold 6,608 shares at $191.59 each on 09/09/2025. The net effect increased reported activity but leaves Romano with 45,971 directly held shares. These patterns align with scheduled vesting and opportunistic selling rather than an unusual trading pattern within the filing itself.
TL;DR: Transactions reflect standard executive compensation mechanics and disclosed sales; filings comply with Section 16 reporting norms.
The disclosure distinguishes between RSU vesting (multiple grants with staggered vesting schedules) and open-market disposals at a specified per-share price. The filing includes the required explanatory notes describing vesting schedules and ESPP purchase treatment. No amendments, undisclosed related-party transfers, or indirect ownership flags are present in the reported lines.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 3,017 | $0.00 | -- |
| Exercise | Restricted Share Unit | 958 | $0.00 | -- |
| Exercise | Restricted Share Unit | 6,062 | $0.00 | -- |
| Exercise | Restricted Share Unit | 3,035 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,017 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,525 | $191.59 | $292K |
| Exercise | Ordinary Shares | 958 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 485 | $191.59 | $93K |
| Exercise | Ordinary Shares | 6,062 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 3,064 | $191.59 | $587K |
| Exercise | Ordinary Shares | 3,035 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,534 | $191.59 | $294K |
Footnotes (1)
- Includes 114 Ordinary Shares purchased by Reporting Person on July 31, 2025 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. Consists of a grant of RSUs awarded to the Reporting Person under Seagate Technology plc Equity Incentive Plan (the "Plan"). Subject to the Reporting Person's continuous employment, one-quarter of the shares vested on September 9, 2022 and each one-year anniversary thereafter for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, one-quarter of the shares vested on September 9, 2023 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Subject to the Reporting Person's continuous employment, one-quarter of the shares vested on September 9, 2025 and the remaining portion shall vest in equal quarterly installments over the following three years for a total vesting period of four years. Consists of a grant of RSUs awarded to the Reporting Person under the Plan. Such RSUs vested 100% on September 9, 2025, the first anniversary of the grant.
